Collapse to view only § 7982. National dairy market loss payments

§ 7981. Milk price support program
(a) Support activities
(b) Rate
(c) Purchase prices
(1) Uniform prices
(2) Sufficient prices
(d) Special rule for butter and nonfat dry milk purchase prices
(1) Allocation of purchase prices
(2) Timing of purchase price adjustments
(e) Commodity Credit Corporation
(Pub. L. 107–171, title I, § 1501, May 13, 2002, 116 Stat. 205.)
§ 7982. National dairy market loss payments
(a) DefinitionsIn this section:
(1) Class I milk
(2) Eligible production
(3) Federal milk marketing order
(4) Participating State
(5) ProducerThe term “producer” means an individual or entity that directly or indirectly (as determined by the Secretary)—
(A) shares in the risk of producing milk; and
(B) makes contributions (including land, labor, management, equipment, or capital) to the dairy farming operation of the individual or entity that are at least commensurate with the share of the individual or entity of the proceeds of the operation.
(b) Payments
(c) AmountPayments to a producer under this section shall be calculated by multiplying (as determined by the Secretary)—
(1) the payment quantity for the producer during the applicable month established under subsection (d);
(2) the amount equal to—
(A) $16.94 per hundredweight; less
(B) the Class I milk price per hundredweight in Boston under the applicable Federal milk marketing order; by
(3)
(A) during the period beginning on the first day of the month the producers on a dairy farm enter into a contract under this section and ending on September 30, 2005, 45 percent; and
(B) during the period beginning on October 1, 2005, and ending on September 30, 2007, 34 percent.
(d) Payment quantity
(1) In general
(2) Limitation
(3) Reconstitution
(e) Payments
(f) Signup
(g) Duration of contract
(1) In general
(2) ViolationsIf a producer violates the contract, the Secretary may—
(A) terminate the contract and allow the producer to retain any payments received under the contract; or
(B) allow the contract to remain in effect and require the producer to repay a portion of the payments received under the contract based on the severity of the violation.
(Pub. L. 107–171, title I, § 1502, May 13, 2002, 116 Stat. 205; Pub. L. 109–171, title I, § 1101, Feb. 8, 2006, 120 Stat. 4; Pub. L. 110–28, title IX, § 9006(a), May 25, 2007, 121 Stat. 217.)
§ 7983. Study of national dairy policy
(a) Study required
The Secretary of Agriculture shall conduct a comprehensive economic evaluation of the potential direct and indirect effects of the various elements of the national dairy policy, including an examination of the effect of the national dairy policy on—
(1) farm price stability, farm profitability and viability, and local rural economies in the United States;
(2) child, senior, and low-income nutrition programs, including impacts on schools and institutions participating in the programs, on program recipients, and other factors; and
(3) the wholesale and retail cost of fluid milk, dairy farms, and milk utilization.
(b) Report
(c) National dairy policy defined
In this section, the term “national dairy policy” means the dairy policy of the United States as evidenced by the following policies and programs:
(1) Federal milk marketing orders issued under section 608c of this title.
(2) Interstate dairy compacts (including proposed compacts described in H.R. 1827 and S. 1157, as introduced in the 107th Congress).
(3) Over-order premiums and State pricing programs.
(4) Direct payments to milk producers.
(5) Federal milk price support program established under section 7981 of this title.1
1 See References in Text note below.
(6) Export programs regarding milk and dairy products, such as the dairy export incentive program established under section 713a–14 of title 15.1
(Pub. L. 107–171, title I, § 1507, May 13, 2002, 116 Stat. 210.)
§ 7984. Studies of effects of changes in approach to national dairy policy and fluid milk identity standards
(a) Federal dairy policy changes
The Secretary of Agriculture shall conduct a study of the effects of—
(1) terminating all Federal programs relating to price support and supply management for milk; and
(2) granting the consent of Congress to cooperative efforts by States to manage milk prices and supply.
(b) Fluid milk identity standards
(c) Reports
(Pub. L. 107–171, title I, § 1508, May 13, 2002, 116 Stat. 211.)