MPR Bill Marked-Up in House
July 29, 2005
July 29, 2005 -- On Wednesday, the House Committee on Agriculture approved H.R. 3408, the bill to re-authorize the Livestock Mandatory Price Reporting (MPR) Act of 1999.
The legislation contains the authorization for the continuation of MPR for sheep and lamb meat. The House approved the five-year extension on the re-authorization period of the bill as requested by a coalition.
The 1999 Act requires packers to report, among other things, livestock purchase prices to the U.S. Department of Agriculture?s Agriculture Marketing Service. A transparent, accurate and timely market price-reporting system is necessary for producers and processors to be able to make informed business decisions.
?The American Sheep Industry Association (ASI) is a member of the livestock and meat industries coalition that strongly supports the approval of this legislation by the U.S. House of Representatives to re-authorize MPR. The statute will expire on Sept. 30, 2005, if not extended,? commented Paul Frischknecht, president of ASI.
Staff contact: Peter Orwick, ext. 33