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Dairy Pricing Opportunity Act of 2023

Source: Congress.gov  ·  783 words in original text
This bill requires the Secretary of Agriculture to hold hearings within 180 days to review how the federal government sets milk prices, specifically for Class I skim milk. The hearings will consider different pricing formulas and ideas from milk producers and dairy companies about how milk prices should be determined.
The Secretary of Agriculture, milk producers, dairy industry companies, and dairy product manufacturers.
• The Secretary of Agriculture must provide notice and start national hearings within 180 days to review federal milk marketing orders related to Class I skim milk pricing (Sec. 2(a)) • The hearings must include consideration of views and proposals from producers and the dairy industry, including a "higher of" pricing formula that uses specific federal regulations (Sec. 2(a) and 2(b)) • Dairy manufacturers must report cost and yield information for all products processed in the same facility or facilities to the Secretary (Sec. 3) • The Secretary must publish a report containing dairy product processing cost information every 2 years, starting no later than 2 years after this law passes (Sec. 3) • The Secretary can require manufacturers of other dairy products to report cost and yield information to help establish pricing rules (Sec. 3)
Federal requirements for how milk pricing hearings are conducted and what information dairy manufacturers must report to the government about their processing costs will change.
The bill defines "higher of" Class I skim milk formula as a specific calculation method using federal regulations and pricing factors, but does not define other key terms.
Not specified in bill text
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.