Sponsors (3)
The bill improves agricultural market transparency and supports research through biennial collection of production-cost and yield data, but it imposes compliance burdens, potential disclosure of proprietary information, and additional administrative costs on firms and taxpayers.
Manufacturers, policymakers, consumers, and supply-chain participants will have access to regular biennial production-cost and yield data, improving market transparency and enabling better-informed pricing and supply decisions that could stabilize food prices and availability.
Federal agricultural researchers and extension programs will receive more granular production data to guide research and extension activities, helping improve farm efficiency and technology adoption for farmers and state agricultural programs.
Small businesses required to report production costs and yields may have proprietary business information exposed, creating competitive disadvantages and legal/privacy risks.
Manufacturers and other reporters will face increased compliance costs to collect and submit detailed production cost and yield data.
Taxpayers and state governments will incur additional administrative costs for the USDA to collect, analyze, and publish the required biennial reports.
Based on analysis of 2 sections of legislative text.
Introduced February 13, 2025 by Kirsten Gillibrand · Last progress February 13, 2025
Requires dairy-product manufacturers who already report product data to also report production cost and product-yield information for all products processed in the same facility or facilities, as determined by the Secretary of Agriculture. Directs the Secretary to publish a report containing that information no later than three years after enactment and every two years after that.