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 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 § 1007.75; and (iv) Add the amounts computed in paragraph (a)(2)(i), (ii), and (iii) 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) (4) (c) If a handler has not received full payment from the market administrator pursuant to § 1007.72 by the payment date specified in paragraph (a) or (b) of this section, the handler may reduce payments pursuant to paragraphs (a) and (b) of this section, but by not more than the amount of the underpayment. The payments shall be completed on the next scheduled payment date after receipt of the balance due from the market administrator. (d) If

official document · source cfr-2024 · id 7:§ 1007.73