GIPSA Alleges Randy Freeman Violated the Packers and Stockyards Act
WASHINGTON, Oct. 29, 2009 - The U.S. Department of Agriculture's Grain Inspection, Packers and Stockyards Administration (GIPSA) has found evidence that Randy Freeman (Freeman), Ben Franklin, Texas, was notified to increase his bond coverage and continued purchasing livestock without maintaining an adequate bond. Freeman did not maintain adequate business records as required by the Packers and Stockyards (P&S) Act.
GIPSA filed a complaint against Freeman on October 15, 2009. If the allegations are admitted, or proven in an oral hearing, Freeman may be ordered to cease and desist from violating the P&S Act, suspended and assessed a civil penalty.
Freeman is engaged in the business of a dealer buying and selling livestock in commerce for his own account and as a market agency selling on commission basis. He is also registered with the Secretary of Agriculture as a dealer and market agency.
The P&S Act is a fair trade practice and payment protection law that promotes fair and competitive marketing environments for the livestock, meat, and poultry industries.
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GIPSA Release 74-09
Catherine M. Grasso 202-720-7201
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