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Code · BILL · 113th Congress · S. 954 (Placed on Calendar Senate) — To reauthorize agricultural programs through 2018. · Sec. 1431

Sec. 1431. Establishment of dairy market stabilization program

221 words·~1 min read·/bill/113/s/954/pcs/section-1431

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Effective not later than 120 days after the effective date of this subtitle, the Secretary shall establish and administer a dairy market stabilization program applicable to participating dairy operations for the purpose of assisting in balancing the supply of milk with demand when participating dairy operations are experiencing low or negative operating margins. When a dairy operation signs up under section 1412 to participate in the production margin protection program, the dairy operation shall inform the Secretary of the method by which the stabilization program base for the participating dairy operation will be calculated under paragraph (3).
A participating dairy operation may change the stabilization program base calculation method to be used for a calendar year by notifying the Secretary of the change not later than a date determined by the Secretary. A participating dairy operation may elect either of the following methods for calculation of the stabilization program base for the participating dairy operation: The volume of the average monthly milk marketings of the participating dairy operation for the 3 months immediately preceding the announcement by the Secretary that the stabilization program will become effective.
The volume of the monthly milk marketings of the participating dairy operation for the same month in the preceding year as the month for which the Secretary has announced the stabilization program will become effective.
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