Fair Milk Pricing for Farmers Act
Dairy Industry: New Cost Reporting Rules for Manufacturers
Stalled
No legislative action in over 90 days.
↔Companion bill: Dairy Industry: Mandatory Processing Cost ReportingLegislative Progress
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
Govbase has not yet run an impact analysis on this legislation.
Milestones
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Referred to the Subcommittee on Livestock, Dairy, and Poultry.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Referred to the House Committee on Agriculture.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
News
No related news coverage found for this legislation yet.
Source Information
Document Type
Congressional Bill
Official Title
Fair Milk Pricing for Farmers Act
Data Sources
Sponsor
Cosponsors
(17)Analysis generated by AI. Always verify with official sources.