WASHINGTON, D.C. – The Senate and House approved legislation that funds federal programs, including the Mandatory Price Reporting program, through Dec. 16.
President Biden was expected to sign into law the continuing resolution, which keeps the government running at current funding levels, before the start of fiscal 2023, which begins Oct. 1.
The price reporting program requires meatpackers to report to USDA the prices they pay for cattle, hogs, lambs, and other information.
USDA uses the data to publish twice-daily reports with pricing information, contracting for purchase, supply and demand conditions for livestock, livestock production, and livestock product values.
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Rep. Frank Lucas (R-Okla.) introduced a bill to prohibit the U.S. Securities and Exchange Commission (SEC) from requiring publicly traded companies to disclose the greenhouse gas emissions from their partner companies, suppliers, and distributors if their activities arise from farming.
In March, the SEC proposed a regulation mandating such companies to report their carbon emissions and other climate-related data, as well as similar information from their “upstream” and “downstream” affiliates.
In comments submitted to the agency in June, nearly a dozen agricultural groups requested that the SEC reconsider its application of burdensome and unnecessary climate disclosure requirements in the proposed rule. “As currently drafted,” the organizations said, “[the rule’s] requirements would overly burden American farmers, forcing them to take on costly and expensive reporting that will set back farm environmental performance, and would be in violation of federal law.”
