7 USC 627 - Dairy forward pricing pilot program

U.S Code last checked for updates: Nov 22, 2024

§ 627.

Dairy forward pricing pilot program

(a)

Pilot program required

(b)

Minimum milk price requirements

Payments made by milk handlers to milk producers and cooperatives, and prices received by milk producers and cooperatives, under the forward contracts shall be deemed to satisfy—

(1)

all regulated minimum milk price requirements of paragraphs (B) and (F) of subsection (5) of section 608c of this title; and

(2)

the requirement of paragraph (C) of such subsection regarding total payments by each handler.

(c)

Milk covered by pilot program

(1)

Covered milk

The pilot program shall apply only with respect to the marketing of federally regulated milk that—

(A)

is not classified as Class I milk or otherwise intended for fluid use; and

(B)

is in the current of interstate or foreign commerce or directly burdens, obstructs, or affects interstate or foreign commerce in federally regulated milk.

(2)

Relation to Class I milk

(d)

Duration

(e)

Study and report on effect of pilot program

(1)

Study

(2)

Report

(May 12, 1933, ch. 25, title I, § 23, as added Pub. L. 106–113, div. B, § 1000(a)(8) [§ 3], Nov. 29, 1999, 113 Stat. 1536, 1501A–519.)

cite as: 7 USC 627