2025-03458Notice

Farmers: Weigh In on USDA's Price Data Collection Overhaul

Published Date: 3/4/2025

Notice

Summary

The Department of Agriculture is asking for public feedback on a new way to collect info about farm prices. Farmers and businesses involved in agriculture might see some changes in how they share data, but the goal is to make things clearer and easier. Comments are due by April 3, 2025, so don’t miss your chance to weigh in!

Analyzed Economic Effects

3 provisions identified: 1 benefits, 1 costs, 1 mixed.

Price Data Used To Set Payments/Fees

NASS price estimates are used for many government calculations, including computing Parity Prices under the Agricultural Adjustment Act, estimating value of production and cash receipts, setting levels for farmer-owned reserves, guiding Risk Management Agency price selection options, determining Federal disaster prices to be paid, contributing to NIPA and GDP measures, supporting ERS net farm income projections, and determining grazing fees on Federal lands. Those calculations directly relate to how programs and payments tied to agricultural prices are determined.

Peanut Seed Survey Consolidation

NASS is eliminating one survey and will collect the data for that survey on another existing survey to report peanut seed prices (Agricultural Prices, OMB No. 0535-0003). The agency says this change is intended to increase efficiency and that there is no change in total respondent burden as a result.

Scope: 39,525 Respondents, 25,205 Hours

The Agricultural Prices information collection involves 39,525 respondents described as farms and businesses and has a total estimated burden of 25,205 hours. Responses occur at frequencies listed as weekly, monthly, quarterly, biennially, and annually.

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Key Dates

Published Date
3/4/2025

Department and Agencies

Department
Independent Agency
Agency
Agriculture Department
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