Dairy Pricing Opportunity Act of 2023

Hozzl · 2023-12-20T15:15:20Z

Explore the details of House Bill 1756 Dairy Pricing Opportunity Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Agriculture and Food. Stay informed on legislative developments.

12/20/2023, 3:15 PM

Summary of Bill HR 1756

Bill 118 hr 1756, also known as the Dairy Pricing Opportunity Act of 2023, aims to address issues within the dairy industry by implementing a new pricing system for dairy products. The bill seeks to provide dairy farmers with more stability and predictability in their pricing, ultimately helping to support the industry as a whole.

One key aspect of the bill is the establishment of a new pricing formula for dairy products, which takes into account various factors such as production costs, market demand, and inflation. This new formula is designed to ensure that dairy farmers receive fair compensation for their products, while also allowing for flexibility in pricing to respond to market changes.

Additionally, the bill includes provisions for increased transparency in pricing, requiring dairy processors to provide more information on how prices are determined. This transparency is intended to help farmers better understand the pricing process and advocate for fairer prices. Overall, the Dairy Pricing Opportunity Act of 2023 aims to support the dairy industry by providing farmers with a more stable and fair pricing system. By addressing issues related to pricing and transparency, the bill seeks to promote the long-term sustainability of the dairy industry in the United States.

Congressional Summary of HR 1756

Dairy Pricing Opportunity Act of 2023

This bill directs the Department of Agriculture (USDA) to hold national hearings to review Federal Milk Marketing Orders. (USDA uses these orders to establish a minimum price for various classes of milk.) The hearings must include the review of proposals from producers and the dairy industry on the price of Class I skim milk.

The bill also requires manufacturers to report cost and yield information for all dairy products processed in the same facility or facilities to USDA's Dairy Product Mandatory Reporting Program. Further, every two years, USDA must publish a report containing the information obtained under these new requirements.

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Current Status of Bill HR 1756

Bill HR 1756 is currently in the status of Bill Introduced since March 23, 2023. Bill HR 1756 was introduced during Congress 118 and was introduced to the House on March 23, 2023. Bill HR 1756's most recent activity was Referred to the Subcommittee on Livestock, Dairy, and Poultry. as of April 25, 2023

Bipartisan Support of Bill HR 1756

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 1756

Primary Policy Focus

Agriculture and Food

Alternate Title(s) of Bill HR 1756

Dairy Pricing Opportunity Act of 2023

To require the Secretary of Agriculture to initiate hearings to review Federal milk marketing orders relating to pricing of Class I skim milk, and for other purposes.