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AMS Hosts Mandatory Price Reporting Meeting

Wednesday, December 20, 2000

The Agricultural Marketing Service (AMS) held a meeting December 19 for packers that the agency believes will be subject to mandatory price reporting when the rule becomes effective January 30, 2001.

AMS officials explained the rule's provisions, as well as the information technology system that has been developed to accommodate packer reporting. Agency officials also entertained numerous questions from industry regarding the rule and how it will be implemented. Those questions addressed issues ranging from compliance considerations to requests for elaboration regarding definitions included in the rule.

Significantly, AMS officials were unable to answer many of the questions raised, but committed to providing answers in writing to the industry as soon as possible. AMS intends to post on its website the questions raised during the meeting and the answers to those questions.

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