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The farm bill also established a Milk Income Loss Contract (MILC) program that makes direct payments to participating dairy farmers whenever the minimum monthly market price for farm milk used for fluid consumption in Boston falls below $16.94 per hundredweight (cwt.). The MILC program has been reauthorized until September 30, 2012.
It provides primary funding for Dairy Management Inc. Dairy farmers fund this self-help program through a mandatory 15¢/cwt. ($3.31 per metric ton) assessment on all milk produced and marketed commercially in the 48 contiguous states. Dairy farmers can direct up to 10¢ of this assessment for contributions to qualified regional, state or local ...
The hundredweight (abbreviation: cwt ), formerly also known as the centum weight or quintal, is a British imperial and United States customary unit of weight or mass. Its value differs between the United States customary and British imperial systems. The two values are distinguished in American English as the short and long hundredweight and in ...
According to The New York Times, if the current Farm Bill expires and the pricing equation reverts to its 1949 standard, the government will pay considerably more for milk.
The compact created a Northeast Dairy Compact Commission, based in Montpelier, Vermont, charged with setting prices and regulating bulk milk handlers. From 1997 until its expiration on September 30, 2001, the Northeast compact required processors in the region to pay dairy farmers at least $16.94/ cwt. for farm milk used for fluid consumption.
Rank Change in rank 2013/2007 Country Milk consumption 2013 (kg/capita/yr) [1] Milk consumption 2007 (kg/capita/yr) [2] 1 Finland 430.76 361.19 2 4 Montenegro 349.21 305.87
3.25%. Whole milk or regular milk[ 16] 2%. 2% milk or reduced fat milk[ 17] 1%. 1% milk or low fat milk[ 17] 0–0.5%. Skim milk or nonfat milk[ 17] In the USA, skim milk is also known as nonfat milk, due to USDA regulations stating that any food with less than ½ gram of fat per serving can be labelled "fat free".
Dairy products or milk products, also known as lacticinia, are food products made from (or containing) milk. [ 1] The most common dairy animals are cow, water buffalo, nanny goat, and ewe. Dairy products include common grocery store food around the world such as yogurt, cheese, milk and butter. [ 2][ 3] A facility that produces dairy products ...