Code of Federal Regulations (Last Updated: July 5, 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 1139 - MILK IN THE GREAT BASIN MARKETING AREA |
Subpart A - Order Regulating Handling |
Differential Pool and Handler Obligations |
§ 1139.61 - Computation of weighted average differential value.
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For each month the market administrator shall compute the weighted average differential value for milk received from all producers as follows:
(a) Combine into one total the values computed pursuant to § 1139.60, paragraphs (a) through (g) and (j) and (k), for all handlers who made reports pursuant to § 1139.30 and who made payments pursuant to § 1139.71 for the preceding month;
(b) Add an amount equal to the sum of the deductions to be made for location adjustments pursuant to § 1136.75;
(c) Add an amount equal to not less than one-half 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;
(2) The total hundredweight for which a value is computed pursuant to § 1139.60(g).
(e) Subtract not more than 5 cents per hundredweight. The result is the “Weighted Average Differential Price”.