Fair Milk Pricing for Farmers Act

This measure aims to make milk pricing more transparent. It would require dairy manufacturers to tell the USDA what it costs them to make products and how much product they get from their raw milk, for all products made in the same plant. The USDA would then publish a report with this cost and yield data within three years and every two years after that. The goal is to give clearer, more complete information that can support fairer milk prices for farmers and more openness in the dairy market. As context, USDA already collects and releases weekly dairy sales data; this adds cost and yield reporting to the mix and requires regular public reports on it.

Key points

• Who is affected: Dairy manufacturers must report; USDA compiles and publishes; farmers and buyers get more pricing information.
• What changes: Manufacturers report production costs and product yields for all dairy products made in the same facility; USDA publishes a recurring report using this data.
• When: The first public report is due within three years of the law taking effect, then every two years after.