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) (ii) For each producer who has not discontinued shipments as of the last day of the month, payment shall be made so that it is received by the producer on or before the 5th day of the following month (except as provided in § 1000.90) for milk received from the 16th to the last day of the month at not less than 85 percent of the preceding month's uniform price, adjusted for plant location pursuant to § 1006.75 and proper deductions authorized in writing by the producer. (2) (i) Multiply the hundredweight of producer skim milk received times the uniform skim milk price for the month; (ii) Multiply the pounds of butterfat received times the uniform butterfat price for the month; (iii) Multiply the hundredweight of producer milk received times the plant location adjustment pursuant to § 1006.75; and (iv) Add the amounts computed in paragraphs (a)(2)(i), (ii), and (iii) of this section, and from that sum: (A) Subtract the partial payments 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 recei

official document · source cfr-2024 · id 7:§ 1006.73