02.03.2012
Paying more for food may not be out of the question for consumers if regulations on the U.S. poultry and livestock sectors increase. In fact, consumers could pay up to $16.8 billion more annually for meat, milk and eggs if regulations are imposed on U.S. poultry and livestock farmers that raise input costs by 25 percent.
A recent soy-checkoff-funded study, evaluated current U.S. supply and demand for poultry and livestock products and the impact of regulations on retail price. The study indicates that potential regulations could raise consumer costs. For example, requiring cage-free housing for laying hens would increase the cost of eggs from $1.68 to $2.10 per dozen, a total cost of $2.66 billion per year to U.S. consumers.
The report cites increased regulations that could drive up costs of production meat, milk and eggs by anywhere from 10 percent to 25 percent. It shows that a 25 percent increase in costs to animal agriculture would reduce U.S. exports by $1.1 billion and cause nearly 9,000 Americans to lose their jobs.