Sec. 1414. Basic margin protection
174 words·~1 min read·
/bill/113/hr/1947/ih/section-1414·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All participating dairy producers are eligible to receive basic margin protection under the margin protection program. Participating dairy producers shall receive a basic margin protection payment whenever the average actual dairy producer margin for a consecutive two-month period is less than $4.00 per hundredweight of milk. The Secretary shall make a basic margin protection payment to each participating dairy producer whenever such a payment is required by subsection (b). The basic margin protection payment for the dairy operation of a participating dairy producer for a consecutive two-month period shall be determined as follows:
The Secretary shall calculate the difference between the average actual dairy producer margin for the consecutive two-month period and $4.00, except that, if the difference is more than $4.00, the Secretary shall use $4.00. The Secretary shall multiply the amount under subparagraph
(A)by the lesser of the following: 80 percent of the production history of the dairy producer, divided by six. The actual amount of milk marketed by the dairy operation of the dairy producer during the consecutive two-month period.