Payments to producers and to cooperative associations.

CFR · 2024-01-01 · US · Title 7

(a) Except as provided in paragraphs (b) and (c) of this section, each handler shall make payment to each producer from whom milk is received during the month 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 producer 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 § 1131.75; 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, subject to approval by the market administrator; and (D) Subtract proper deductions authorized in writing by the producer. (b) Two days prior to the dates on which 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 § 1131.72 by the payment date specified in paragraph (a) or (b) of this section, the handler may reduce pro rata his payments pursuant to such paragraphs, but by not more than the amount of such underpayment. Payments to

official document · source cfr-2024 · id 7:§ 1131.73