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| Partial victory on price reporting; more work ahead, says DPAC |
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| News - Latest | |||
| Written by Sherry Bunting | |||
| Friday, 24 September 2010 09:15 | |||
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The Mandatory Price Reporting Act of 2010 (H.R. 5852) passed the House on voice vote under suspended rules last Wednesday morning, Sept. 15 one day after Congress returned for its brief September session before they again recess to campaign before the November elections. The Dairy Policy Action Coalition (DPAC) spent the day before the bill's passage in Washington D.C., meeting with Congressional ag staffers and looking for last minute options to amend the language to "daily" instead of weekly reporting for dairy product prices and sales volumes. According to the bill language, the new electronic dairy report will be released every Wednesday for the previous week's sales. The net gain in timeliness is two days, as the current NASS Survey process for dairy product price reporting is already done on a weekly basis, but is issued Friday of each week for the previous week's sales. The Mandatory Reporting Act moved to the fast track in the voting process for a few reasons. First, the authority for the existing beef and pork reporting was due to expire September 30, 2010. The weekly (versus daily) reporting requirement for dairy was deemed necessary to avoid controversy from the dairy processing side, which could have delayed the bill from passage by Sept. 30. For DPAC, the action is viewed as a partial victory. But as producer members told Congressional ag staffers Tuesday: "It really feels like a loss because the effort to gain 'daily' reporting was viewed as a key to diluting the influence of the CME on producer milk pricesand a way to ensure greater marketplace transparency for dairy producers." One thing was clear from the visits, there is no question that DPAC's attention to this part of the 2008 Farm Bill is what pushed the Mandatory Reporting at least this far. Producers need to continue to build unity and action because getting done what's already in the previous Farm Bill has proven, itself, to be a battle. DPAC will continue to work on the issue with members of Congress on the Ag Appropriations side, where their focus began back in January of 2010. --From DPAC e-news update
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