GAO report finds serious flaws in mandatory livestock price reporting

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.

"I requested this report because producers are concerned USDA is not doing enough to make sure price reports are accurate and timely, Harkin said. "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."

calendar icon 15 December 2005
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