Us Congress House Bill HB1756

Us Congress 2023-2024 Regular Session

• Introduced: 3/23/23
• Refer: 3/23/23
• Refer: 4/25/23

Caption

Dairy Pricing Opportunity Act of 2023

Impact

The passage of HB 1756 is expected to influence federal standards governing milk pricing by potentially altering the existing formulas used to determine Class I skim milk prices. By requiring the Secretary to undertake thorough reviews and consider proposals from the dairy community, this legislation is likely to create a more responsive and flexible pricing framework. This could lead to adjusted prices that better support dairy farmers, which is particularly significant given the volatile nature of the dairy market.

Summary

House Bill 1756, known as the 'Dairy Pricing Opportunity Act of 2023', mandates that the Secretary of Agriculture conduct national hearings to reassess federal milk marketing orders pertaining to Class I skim milk pricing. This initiative aims to foster dialogue between the dairy industry and producers regarding the pricing mechanisms and to consider options for adjustments to better reflect industry conditions. The bill underscores the importance of transparency and input from stakeholders within the dairy sector, which is crucial in an evolving agricultural landscape.

Contention

One notable aspect of the bill is the implications it holds for existing regulations surrounding milk pricing. Stakeholders may have differing opinions on what changes are necessary, with some advocating for new pricing strategies to improve profitability, while others may be concerned that modifications could complicate the regulatory landscape or affect consumer prices. The upcoming hearings are expected to bring these points of contention to light as various parties express their needs and concerns.