Peterson Bill Reauthorizes Mandatory Price Reporting
Washington--House Agriculture Committee Chairman Collin Peterson of Minnesota introduced legislation this past week to reauthorize the Mandatory Price Reporting law. The current law, requires the Agriculture Department to publish data on livestock and meat purchasing transactions but is scheduled to expire on Sept. 30.
The Mandatory Price Reporting Act of 2010 (H.R. 5852) would extend the program for another five years and include additional reporting requirements for pork wholesale cuts and exports.
On Tuesday, Sens. Blanche Lincoln of Arkansas and Saxby Chambliss (R-Ga.) introduced a bill (S. 3656) that also provides for a five-year reauthorization of MPR. In addition to the additional pork reporting, the Senate bill instructs the secretary of agriculture to establish an electronic price reporting system for dairy products.