Code of Federal Regulations (Last Updated: May 6, 2024) |
Title 7 - Agriculture |
Subtitle B - Regulations of the Department of Agriculture |
Chapter X - Agricultural Marketing Service (Marketing Agreements and Orders; Milk), Department of Agriculture |
Part 1134 - MILK IN THE WESTERN COLORADO MARKETING AREA |
Subpart A - Order Regulating Handling |
Uniform Price |
§ 1134.61 - Computation of uniform price.
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For each month the market administrator shall compute the uniform price per hundredweight for milk of 3.5 percent butterfat content received from producers as follows:
(a) Combine into one total the values computed pursuant to § 1134.60 for all handlers who filed the reports prescribed in § 1134.30 for the month and who made the payments pursuant to
§§ 1134.71 and 1134.73 for the preceding month; (b) Add an amount equal to the sum of the deductions to be made forlocation adjustments pursuant to § 1134.75;
(c) Add an amount equal to not less than one-half of the unobligated balance in the producer-settlement fund;
(d) Divide the resulting amount by the sum of the following for all handlers included in these computations:
(1) The total hundredweight of producer milk; and
(2) The total hundredweight for which a value is computed pursuant to § 1134.60(f); and
(e) Subtract not less than 4 cents nor more than 5 cents per hundredweight. The result shall be the “uniform price” for milk received from producers.