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Dairy Pricing Opportunity Act of 2023

Source: Congress.gov  ·  799 words in original text
This bill requires the Secretary of Agriculture to hold national hearings to review how the federal government sets milk prices, specifically for Class I skim milk (the lowest grade classification of milk). The bill also requires dairy product manufacturers to report information about their processing costs and product yields to help inform future pricing decisions.
The Secretary of Agriculture, dairy farmers and producers, dairy industry representatives, and dairy product manufacturers.
• The Secretary of Agriculture must announce and start national hearings within 180 days of the bill becoming law to review federal milk marketing orders and consider views from dairy producers and the industry about Class I skim milk pricing (Sec. 2(a)). • The hearings must specifically examine the "higher of" Class I skim milk pricing formula, which is a method for calculating milk prices based on specific regulatory formulas (Sec. 2(a)). • Dairy manufacturers who report information about one product must report cost and yield information (the amount of product made from raw materials) for all products made in the same facility (Sec. 3). • The Secretary must publish a report containing dairy product processing cost information no later than 2 years after the bill becomes law and then every 2 years after that (Sec. 3).
If this becomes law, the federal government will hold hearings to examine how milk prices are set for the lowest grade classification. Dairy manufacturers will be required to share more detailed information about their production costs, and the Secretary will publicly report this information regularly.
Class I skim milk: The lowest grade classification of milk used to determine federal pricing (a type of milk with fat removed).
Important: This plain English summary was generated by AI and is provided for informational purposes only. It is not legal advice. Always consult the official bill text on Congress.gov or a qualified attorney for legal matters.