Sec. 1401. Definitions
411 words·~2 min read·
/bill/113/hr/2642/enr/section-1401·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In this part and part III: The term actual dairy production margin means the difference between the all-milk price and the average feed cost, as calculated under section 1402. The term all-milk price means the average price received, per hundredweight of milk, by dairy operations for all milk sold to plants and dealers in the United States, as determined by the Secretary. The term average feed cost means the average cost of feed used by a dairy operation to produce a hundredweight of milk, determined under section 1402 using the sum of the following:
The product determined by multiplying 1.0728 by the price of corn per bushel. The product determined by multiplying 0.00735 by the price of soybean meal per ton. The product determined by multiplying 0.0137 by the price of alfalfa hay per ton. The term consecutive 2-month period refers to the 2-month period consisting of the months of January and February, March and April, May and June, July and August, September and October, or November and December, respectively. The term dairy operation means, as determined by the Secretary, 1 or more dairy producers that produce and market milk as a single dairy operation in which each dairy producer— shares in the risk of producing milk; and makes contributions (including land, labor, management, equipment, or capital) to the dairy operation of the individual or entity, which are at least commensurate with the individual or entity’s share of the proceeds of the operation.
The Secretary shall determine additional ownership structures to be covered by the definition of dairy operation. The term margin protection program means the margin protection program required by section 1403. The term margin protection program payment means a payment made to a participating dairy operation under the margin protection program pursuant to section 1406. The term participating dairy operation means a dairy operation that registers under section 1404 to participate in the margin protection program.
The term production history means the production history determined for a participating dairy operation under subsection
(a)or
(b)of section 1405 when the participating dairy operation first registers to participate in the margin protection program. The term Secretary means the Secretary of Agriculture. The term United States , in a geographical sense, means the 50 States, the District of Columbia, American Samoa, Guam, the Commonwealth of the Northern Mariana Islands, the Commonwealth of Puerto Rico, the Virgin Islands of the United States, and any other territory or possession of the United States.