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) Multiply the hundredweight of producer milk received times the producer price differential for the month as adjusted pursuant to § 1126.75; (ii) Multiply the pounds of butterfat received times the butterfat price for the month; (iii) Multiply the pounds of protein received times the protein price for the month; (iv) Multiply the pounds of other solids received times the other solids price for the month; (v) Multiply the hundredweight of milk received times the somatic cell adjustment for the month; (vi) Add the amounts computed in paragraphs (a)(2)(i) through (v) 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 subject to approval by the market administrator; and (D) Subtract proper deductions authorized in writing by the producer. (b) On or before the day prior to the dates specified for partial and final payments pursuant to paragraph (a) of this section (except as provided in § 1000.90), each handler shall pay a cooperative association for milk received as follows: (1) (2) (3) (i) The hundredweight of Class I skim milk times the Class I skim milk price for the month plus the pou

official document · source cfr-2024 · id 7:§ 1126.73