Business / Agriculture / Mandatory Price Reporting: Currently, packers and processors are not required to report the prices they pay for the animals they buy from producers or the terms of sale. Rather, daily sales and price information is collected by AMS from companies on a voluntary basis. AMS reporters also attend live cash market sales (auctions) to collect price information. However, as more and more animals are sold under formula pricing, other contract, or captive supply arrangements, the open cash markets have become less helpful as benchmarks of prices being paid. Some producers believe that such arrangements also enable packers to more easily conceal potential anti-competitive practices, and argue that more transparency (i.e., more readily and widely available price and sales information) is needed in livestock markets. This has led to various legislative proposals for mandatory price reporting. Although the proposals have differed, most essentially would require packers to report, immediately and publicly, the prices they paid for animals, and the terms of the sale.
Mandatory Noun Synonyms: compulsory, obligatory, requisite, required, essential, commanded, demanded, necessary, needed
Price Noun Synonyms: charge, cost, expense, expenditure, outlay, payment, amount, figure, fee, quotation, appraisal, value, valuation, evaluation, worth
Price Verb Synonyms: sacrifice, toll, penalty, cost, consequence
Business / Finance / Price Range: The interval between the high and low prices over which a stock has traded over a particular period of time. MORE
Business / Finance / Price Risk: The risk that the value of a security (or a portfolio) will decline in the future. Or, a type of mortgage pipeline risk created in the production segment when loan terms are set for the borrower in ad MORE