Livestock price reporting extension coming, but ...
Pro Farmer, September, 2005
... it's not clear for how long. The House approved a five-year extension; the Senate wants a one-year continuation from Sept. 30, 2005.
Senators want a December GAO report on the program and to make changes based on the report. How this shakes out is still up in the air.
If program authorization expires before lawmakers come to an agreement, USDA will appeal to firms to voluntarily keep reporting price data.
Will it be easy to get a deal? Consider this: Sen. Chuck Grassley (R-Iowa) said the five-year push was the result of pressure from "packers and packer-lackeys."
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