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Code · BILL · 113th Congress · H.R. 2642 (EAS) — 113 HR 2642 EAS: Agriculture Reform, Food, and Jobs Act of 2013 · Sec. 1402

Sec. 1402. Calculation of average feed cost and actual dairy production margins

240 words·~1 min read·/bill/113/hr/2642/eas/section-1402

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The Secretary shall calculate the national average feed cost for each month using the following data: The price of corn for a month shall be the price received during that month by farmers in the United States for corn, as reported in the monthly Agricultural Prices report by the Secretary. The price of soybean meal for a month shall be the central Illinois price for soybean meal, as reported in the Market News–Monthly Soybean Meal Price Report by the Secretary. The price of alfalfa hay for a month shall be the price received during that month by farmers in the United States for alfalfa hay, as reported in the monthly Agricultural Prices report by the Secretary.
For use in the production margin protection program under subpart A, the Secretary shall calculate the actual dairy production margin for each consecutive 2-month period by subtracting— the average feed cost for that consecutive 2-month period, determined in accordance with subsection (a); from the all-milk price for that consecutive 2-month period. For use in the stabilization program under subpart B, the Secretary shall calculate each month the actual dairy production margin for the preceding month by subtracting— the average feed cost for that preceding month, determined in accordance with subsection (a); from the all-milk price for that preceding month.
The calculations required by paragraphs
(1)and
(2)shall be made as soon as practicable using the full month price of the applicable reference month.
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