Skip to content
Congress·In Committee·about 1 year ago

Dairy Industry: New Cost Reporting Rules for Manufacturers

Also known as: Fair Milk Pricing for Farmers Act

Legislative Progress

✓ Filed
Review
House
Senate
President

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.

Milestones

4 milestones4 actions
Feb 14, 2025House

Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

Feb 14, 2025House

Referred to the Subcommittee on Livestock, Dairy, and Poultry.

Jan 9, 2025House

Referred to the House Committee on Agriculture.

Jan 9, 2025

Introduced in House

Source Information

Document Type

Congressional Bill

Official Title

Fair Milk Pricing for Farmers Act

Bill NumberHR 295
Congress119th Congress
ChamberHouse of Representatives
Latest ActionReferred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

Sponsor

Cosponsors

(17)
D: 6R: 11

Analysis generated by AI. While we strive for accuracy, this should not be considered legal or professional advice. Always verify information with official government sources.