Fair Milk Pricing for Farmers Act

Key Points

• This bill, introduced by Representative Langworthy, would require dairy factories to share exactly how much it costs them to turn raw milk into products like cheese, butter, and yogurt.
• Currently, these companies do not have to report all their processing costs, which makes it hard for the government to set fair prices for the raw milk that farmers sell to these plants.
• The Department of Agriculture would use this new data to publish a public report every two years, giving farmers and the public a clearer look at the dairy industry's finances.
• By making these costs public, the goal is to ensure that the formulas used to calculate milk prices are accurate and that farmers are getting a fair deal for their products.
• The first official report on these processing costs would be released within three years of the bill becoming law, with updates following every two years after that.

Impact Analysis

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