Payments to producers and to cooperative associations.

CFR · 2024-01-01 · US · Title 7

(a) Each handler that is not paying a cooperative association for producer milk shall pay each producer as follows: (1) (2) (i) Multiply the hundredweight of producer milk received by the producer price differential for the month as adjusted pursuant to § 1001.75; (ii) Multiply the pounds of butterfat received by the butterfat price for the month; (iii) Multiply the pounds of protein received by the protein price for the month; (iv) Multiply the pounds of other solids received by the other solids price for the month; and (v) Add the amounts computed in paragraphs (a)(2)(i) through (iv) of this section, and from that sum: (A) Subtract the partial payment made pursuant to paragraph (a)(1) of this section; (B) Subtract the deduction for marketing services pursuant to § 1000.86; (C) Add or subtract for errors made in previous payments to the producer; and (D) Subtract proper deductions authorized in writing by the producer. (b) One day before partial and final payments are due pursuant to paragraph (a) of this section, each handler shall pay a cooperative association for milk received as follows: (1) (2) (3) (i) Multiply the hundredweight of Class I skim milk by the Class I skim milk price for the month at the receiving plant; (ii) Multiply the pounds of Class I butterfat by the Class I butterfat price for the month at the receiving plant; (iii) Multiply the pounds of nonfat solids in Class II skim milk by the Class II nonfat solids price; (iv) Multiply the pounds of butterfat in

official document · source cfr-2024 · id 7:§ 1001.73