Search results
Results from the WOW.Com Content Network
These purchase prices are set high enough to enable dairy processors to pay farmers at least the support price for the milk they use in manufacturing these products. The 2002 farm bill (P.L. 107-171, Sec. 1501) mandated a support price of $9.90/ cwt , effective through December 31, 2007, when the program by law was scheduled to expire.
The 1996 Farm Bill required the USDA to consolidate the number of federal milk marketing orders and to revise the method by which minimum class prices are determined. The USDA implemented these changes in 2000. There are now 10 milk marketing orders, down from 31 when the law was enacted.
Milk support prices are changed typically once a year using a formula determined by the industry. [17] [18] [19]: 7 The price adjustment formula is based on the cost of milk production, as determined by a randomized and anonymous survey of roughly 200 farms. [19]
(The Center Square) – One of Wisconsin’s largest dairy groups says the latest milk marketing proposal isn’t a win-win for Wisconsin dairy farmers, but it’s not a guaranteed loss either.
The order, which was designed to aid only Massachusetts milk producers, required dealers to pay into a fund monthly payments that were determined by subtracting from $15 the monthly federal blend price for 100 pounds of raw milk.
The worst drought in New Zealand in 30 years has pushed the latest international milk prices up more than 60% since the beginning of the year. Meanwhile, China -- already importing about 25% of ...
Generally, minimum fluid farm milk prices increase according to the distance from the basing point. When federal milk marketing orders began in the 1930s, Eau Claire, Wisconsin was viewed as the principal surplus milk production region in the nation and hence served as the basing point for most milk priced under federal milk marketing orders.
Looks like milk prices will be going up. According to the TODAY Show, the drought in California could cause milk prices to increase by 60 cents a gallon. This price surge will likely hit in March.