Three agriculture bills are set to expire at the end of the month: Livestock Mandatory Price reporting, Grain Inspection Standards, and the National Forest Foundation. Mandatory reporting is a feature that makes meat packers tell the USDA prices of livestock.
Last week, they were up for re-authorization in the Senate Agriculture Committee and got quick approval, catching up to the House version.
Chairman of the committee Pat Roberts says price reporting specifically is necessary for agriculture, “This information is critical for farmers and ranchers who raise livestock and entities in the meat trade because it provides them a landscape in the marketplace for livestock and meat. And provides information for them to make informed business decisions.”
Roberts says the bill has changes to improve price reporting for swine and lambs and requires a study of how the reporting works before the next authorization in five years.
He says, “I understand the importance of these reports to the constituent community. I strongly encourage the USDA to use the authority they have to keep these reports on schedule any day the markets are open so that livestock and future markets aren’t thrown into disarray.”
But the Senate does not require inspections during government shutdowns a difference from the House Bill. Also different, the three Senate bills were packaged as one, while the House bills are separate.