summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
113th Congress
Bill Summary
Dairy Income Fairness Act of 2013 - Establishes a dairy production margin protection program under which participating dairy operations are paid: (1) basic production margin protection program payments when production margins are less than threshold levels, and (2) supplemental production margin protection program payments if purchased by a participating dairy operation. Provides for a transition period under which the dairy production margin protection program and the milk income loss program shall both be in existence and producers may participate in either program. Establishes a dairy market stabilization program to assist in balancing the supply of milk with demand when participating dairy operations are experiencing low or negative operating margins. Terminates the production margin protection and stabilization programs on December 31, 2017. Repeals: (1) the dairy products price support program, (2) the milk income loss contract program, and (3) the dairy export incentive program. Extends: (1) the dairy indemnity program, (2) the dairy forward pricing program, and (3) the dairy promotion and research program. Directs the Secretary of Agriculture (USDA) to use a pre-hearing public information session to determine whether to conduct a formal hearing to consider alternative formulas for Class III milk product pricing. Directs the Secretary to conduct hearings to: (1) analyze the implications of transitioning from a four-class system for milk products to a two-class system, (2) explore methods to improve signals for price discovery to allow dairy producers to better use risk management tools, and (3) assess whether a two-class competitive pay pricing system for milk products would be more or less transparent than the existing system.
AI Summary
This bill, the Dairy Income Fairness Act of 2013, establishes a new dairy production margin protection program to provide payments to dairy operations when their production margins (the difference between milk prices and feed costs) fall below certain levels, with options for supplemental coverage. It also creates a dairy market stabilization program to help balance milk supply and demand during periods of low operating margins for participating dairy operations. The bill sets a sunset date of December 31, 2017, for these new programs. It repeals existing programs like the dairy products price support program and the milk income loss contract program, while extending others such as the dairy indemnity program and the dairy promotion and research program. Additionally, the Secretary of Agriculture is directed to hold public information sessions and formal hearings to explore potential changes to milk product pricing formulas, the transition from a four-class to a two-class milk system, and methods to improve price discovery and transparency in dairy markets.
Committee Categories
Agriculture and Natural Resources
Sponsors (1)
Last Action
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. (on 03/19/2013)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/113th-congress/senate-bill/605/all-info |
| BillText | http://gpo.gov/fdsys/pkg/BILLS-113s605is/pdf/BILLS-113s605is.pdf |
| Bill | http://gpo.gov/fdsys/pkg/BILLS-113s605is/pdf/BILLS-113s605is.pdf.pdf |
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