Payments to producers and to cooperative associations.

CFR · 2024-01-01 · US · Title 7

(a) Each handler shall pay each producer for producer milk for which payment is not made to a cooperative association pursuant to paragraph (b) of this section, as follows: (1) (2) (i) The hundredweight of producer milk received times the producer price differential for the month as adjusted pursuant to § 1124.75; (ii) The pounds of butterfat received times the butterfat price for the month; (iii) The pounds of protein received times the protein price for the month; (iv) The pounds of other solids received times the other solids price for the month; (v) Less any payment made pursuant to paragraph (a)(1) of this section; (vi) Less proper deductions authorized in writing by such producer and plus or minus adjustments for errors in previous payments to such producer subject to approval by the market administrator; and (vii) Less deductions for marketing services pursuant to § 1000.86. (b) (c) (1) For bulk fluid milk products and bulk fluid cream products received from a cooperative association in its capacity as the operator of a pool plant and for milk received from a cooperative association in its capacity as a handler pursuant to § 1000.9(c) during the first 15 days of the month, at not less than the lowest announced class price per hundredweight for the preceding month. (2) For the total quantity of bulk fluid milk products and bulk fluid cream products received from a cooperative association in its capacity as the operator of a pool plant, at not less than the total value o

official document · source cfr-2024 · id 7:§ 1124.73