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Ag News
Looks like mandatory price reporting will be extended
Published Wednesday, July 28, 2010 at 09:27 AM
Senator Chambliss says - mandatory reporting has proven to be a valuable tool for the livestock industry. Senator Lincoln says - Congress needs to act and approve this legislation quickly in order to maintain transparency and certainty in our livestock markets. This bill will guarantee transparency of the livestock marketing sector and help improve producers’ ability to access fair market prices.
Senator Chuck Grassley is speaking out in response to the bill. Grassley said, - it’s imperative that this law be extended before it expires or it’s likely the packer interests will be playing loose with the numbers and independent producers will be left in the cold. Grassley added - transparency in the market place is critical for fair and accurate reporting.
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