Senator Kirsten Gillibrand this week says she is moving forward with a dairy pricing hearing. The New York Democrat announced permission was granted for a hearing in the U.S. Senate Agriculture Subcommittee she chairs on Dairy, Livestock, Poultry, Local Food Systems, Food Safety and Security. Although a Senate calendar date is not yet confirmed, the hearing is supposed to occur after the August recess. Previously, Gillibrand told reporters she is working on milk pricing legislation and wants to have hearings to allow input from farmers, milk handlers and academia.
Front and center is the Class I fluid milk pricing change made in the 2018 Farm Bill from the ‘higher of’ Class III or IV manufacturing prices to an averaging method. That changed the base price for Class I by a net loss of over $783 million across the 26 months of implementation, contributing to class price misalignments that disrupted Federal Milk Marketing Orders.
(From the National Association of Farm Broadcasters)