Industry Reacts to Price Reporting BillFri, 06 Aug 2010 17:05:37 CDT
The Livestock Mandatory Reporting Act enjoyed the support of groups like the National Pork Producers Council and National Cattlemen's Beef Association. But not willing to rest on the victory of Senate passage - Iowa pork producer and NPPC President Sam Carney urged the House to swiftly act on its version of the bill. He says it will help producers make business and production decisions. Carney says the law will bring even more transparency and certainty to the livestock markets. He says this is the way to bring about competition and fairness.
Colin Woodall - Vice President of Government Affairs for NCBA points out that this mandatory reporting provides U.S. producers with readily understandable and timely information regarding pricing, contracting for purchase and supply and demand conditions for all segments of the beef industry. Woodall explained that along with transparency - mandatory price reporting encourages competition in the marketplace - without violating producer privacy - by substantially increasing the volume of industry sales transactions reported by the U.S. Department of Agriculture.
Many other agriculture industry leaders were also pleased with the bill's passage - including leaders for the American Farm Bureau Federation; National Farmers Union; International Dairy Foods Association; the National Milk Producers Federation; and the American Sheep Industry.
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