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Code · STATUTE-COMPILATIONS · Agricultural Act of 2014 · Sec. 1402

Sec. 1402. CALCULATION OF AVERAGE FEED COST AND ACTUAL DAIRY PRODUCTION MARGINS

228 words·~1 min read·/statute-compilations/comps-10872/sec-1402

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## SEC. 1402 CALCULATION OF AVERAGE FEED COST AND ACTUAL DAIRY PRODUCTION MARGINS **[**[7 U.S.C. 9052](/us/usc/t7/s9052)**]** ###
(a)Calculation of Average Feed Cost The Secretary shall calculate the national average feed cost for each month using the following data: ####
(1)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. ####
(2)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. ####
(3)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. ###
(b)Calculation of Actual Dairy Production Margin ####
(1)In general For use in dairy margin coverage, the Secretary shall calculate the actual dairy production margin for each month by subtracting— #####
(A)the average feed cost for that month, determined in accordance with subsection (a); from #####
(B)the all-milk price for that month. ####
(2)Time for calculation The calculation required by this subsection shall be made as soon as practicable using the full-month price of the applicable reference month.
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Sec. 1402
CALCULATION OF AVERAGE FEED COST AND ACTUAL DAIRY PRODUCTION MARGINS
U.S.C.§ 9052
Cites 1Cited by 0 across 0 sources
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