A bill to establish a Bureau of Agricultural Statistics for the purpose of monitoring the changes in prices which occur in the price of agricultural commodities from the time they are sold by the farmer until the time when the consumer purchases such commodities or products thereof, and for the purpose of making recommendations to the Congress with respect to correcting situations in which the retail price of an agricultural commodity, or product thereof, rises while the prices received by the farmer for the same commodity decreases.

Establishes a Bureau of Agricultural Statistics within the Department of Agriculture. States that the Bureau shall obtain information with regard to: (1) the prices received by producers and processors of agricultural commodities; and (2) the wholesale and retail prices of food. Directs the Bureau to issue a report to the Congress containing a summary of such information and recommendations for legislation to provide lower retail prices when the prices received by producers of any agricultural commodity are decreasing or remaining constant and the retail prices of food made from such commodity are increasing. Places such Bureau under the direction of a Commissioner of Agricultural Statistics to be appointed by the President. Directs such Commissioner to recommend to Congress legislation providing any mandatory reporting requirement the Commissioner deems necessary to carry out the provisions of this Act.