Sec. 1401. Definitions
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In this part: 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 annual production history means the production history determined for a participating dairy operation under section 1413(b) whenever the participating dairy operation purchases supplemental production margin protection.
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 basic production history means the production history determined for a participating dairy operation under section 1413(a) for provision of basic production margin protection.
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 pooling of resources and a common ownership structure; is at risk in the production of milk on the dairy operation; and contributes land, labor, management, equipment, or capital to the dairy operation.
The Secretary shall determine additional ownership structures to be covered by the definition of dairy operation. The term handler means the initial individual or entity making payment to a dairy operation for milk produced in the United States and marketed for commercial use. The term includes a producer-handler when the producer satisfies the definition in subparagraph (A). The term participating dairy operation means a dairy operation that— signs up under section 1412 to participate in the production margin protection program under subpart A; and as a result, also participates in the stabilization program under subpart B.
The term production margin protection program means the dairy production margin protection program required by subpart A. The term Secretary means the Secretary of Agriculture. The term stabilization program means the dairy market stabilization program required by subpart B for all participating dairy operations. The term stabilization program base , with respect to a participating dairy operation, means the stabilization program base calculated for the participating dairy operation under section 1431(b).
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.