Dairy Pricing Review and Mandatory Cost Reporting for Milk Processors.
This law requires the U.S. government to review how prices for fluid milk paid to farmers are calculated, potentially leading to higher payments for dairy producers. It also mandates that dairy processors must report detailed production costs and yields, increasing market transparency. This aims to ensure fairer pricing rules and provides the public with regular reports on processing costs.
Key points
The government must hold hearings to potentially change the formula used to calculate fluid milk prices (Class I), affecting farmer income.
Dairy processors are now required to report detailed production costs, and this information will be publicly released every two years to increase transparency.
Expired
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