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GAO report finds serious flaws in mandatory livestock price reporting

by 5m Editor
15 December 2005, at 12:00am

US - The Livestock Mandatory Price Reporting program needs improvements, according to a Government Accountability Office (GAO) report released today. Particularly at issue are the accuracy and timeliness of reporting, and transparency in the program. U.S. Senators Tom Harkin (D-IA) and Chuck Grassley (R-IA) released the report, which they say confirms the need for legislative reforms that would require USDA to improve the operation of the program. &quot;I requested this report because producers are concerned USDA is not doing enough to make sure price reports are accurate and timely, Harkin said. &quot;GAO found that many times these price reports are inaccurate and that USDA is not letting the public know when it finds late or incorrect information.&quot; <i>Source: Agriculture.com</i>

5m Editor