Poultry Producers Financial Protection Act of 1987

[AI summary unavailable — showing source text] Poultry Producers Financial Protection Act of 1987 - Amends the Packers and Stockyards Act, 1921 to remove live poultry handlers from marketing practices regulation under such Act. Establishes a statutory trust for the benefit of unpaid cash sellers or poultry growers which consists of the assets of live poultry dealers with average annual live poultry sales, or average annual value of poultry obtained by purchase or growing arrangement, greater than $100,000. States that a dishonored payment instrument shall not be considered as payment. Provides that an unpaid cash seller or poultry grower shall lose such trust benefit if he or she fails to give written notice of nonpayment or dishonored payment within specified time periods to the poultry dealer and then by filing such notice with the Secretary of Agriculture. Provides a cause of action for violations under such Act relating to poultry sales, purchases, or growing arrangements. Eliminates poultry handler recordkeeping provisions. States that the Federal Trade Commission (FTC) shall have power and jurisdiction over all (marketing) transactions in commerce of poultry products. States that the Secretary may exercise jurisdiction ov…