Don't show this message again
7 U.S. Code § 9051. Definitions
In this part:(1) Actual dairy production margin
The term “actual dairy production margin” means the difference between the all-milk price and the average feed cost, as calculated under section 9052 of this title.
(2) All-milk price
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.
(3) Average feed costThe term “average feed cost” means the average cost of feed used by a dairy operation to produce a hundredweight of milk, determined under section 9052 of this title using the sum of the following:
(A)
The product determined by multiplying 1.0728 by the price of corn per bushel.
(B)
The product determined by multiplying 0.00735 by the price of soybean meal per ton.
(C)
The product determined by multiplying 0.0137 by the price of alfalfa hay per ton.