Early this month, USDA proposed the Poultry Grower Payments Systems and Capital Improvement Systems rule, the third in a series of livestock and poultry marketing regulations. This proposal is targeted at regulating so-called tournament pricing systems for poultry This rule has been long in the making; it was promised in 2021 in President Biden’s Executive Order on promoting competition in the economy and was preceded by another regulation requiring more transparency in tournament contracts. The transparency rule, which went into effect in February, after being proposed in May 2022, requires poultry companies to disclose a myriad of data – including some not relevant to growers’ operations. But information such as annual...