The Code of Federal Regulations of the United States of AmericaU.S. Government Printing Office, 1965 The Code of Federal Regulations is the codification of the general and permanent rules published in the Federal Register by the executive departments and agencies of the Federal Government. |
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Common terms and phrases
3.5 percent amended at 29 amount computed applicable average butterfat basic formula price books and records butter price butterfat content butterfat differential cents Class I milk Class I utilization Class II class prices classified as Class computed pursuant cooperative association corresponding step cream dairy farmers deductions determined disposed dler ducer milk excess filed fluid milk plant fluid milk prod fluid milk products Grade A milk graph handler pursuant II milk istrator July 30 market adminis market administrator marketing area ment milk and butterfat ministrator multiplying nonpool plant obligation order plant partially regulated distributing person pool plant pounds of skim preceding month presiding officer producer-settlement fund provisions pursuant to paragraph receipts and utilization receipts of fluid regulated distributing plant respect Revised Secretary skim milk remaining source milk specified suant suspension or termination terfat tion total pounds transferred or diverted trator uniform price unregulated supply plants
Popular passages
Page 86 - Basic formula price. The basic formula price shall be the average price per hundredweight for manufacturing grade milk, fob plants in Wisconsin and Minnesota, as reported by the United States Department of Agriculture for the month. Such price shall be adjusted to a 3.5 percent butterfat basis by a butterfat differential rounded to the nearest one-tenth cent computed at 0.12 times the Chicago butter price for the month. The basic formula price shall be rounded to the nearest full cent.
Page 85 - Multiply any resulting plus quantity by the percentage that receipts of skim milk in fluid milk products from unregulated supply plants remaining at this plant is of all such receipts remaining at all pool plants of such handler, after any deductions pursuant to subdivision (i) of this subparagraph. (2) Should such computation result in a quantity to be subtracted from Class II...
Page 43 - Secretary; (2) from time to time account for all receipts and disbursements and deliver all funds or property on hand together with the books and records of the market administrator, or such person, to such person as the Secretary shall direct; and (3) if so directed by the Secretary execute such assignments or other instruments necessary or appropriate to vest in such person full title to all funds, property, and claims vested in the market administrator or such person pursuant thereto.
Page 168 - That any producer for whom a base has been established pursuant to this section based on deliveries of 75 or more days during the preceding months of August through November may, in lieu thereof, by notifying the market administrator prior to March 1, be accorded a base computed pursuant to the immediately preceding proviso of this section. § 1039.81 Base rules. The following rules shall apply in connection with the establishment of bases: (a) A base shall be held in the name of the producer and...
Page 349 - ... of producer milk and the deliveries of any dairy farmer during the preceding September through November to a nonpool plant that is a pool plant in any of the months of March through June shall be considered producer milk received at a pool plant: Provided further, That if no milk is received from a producer at a pool plant during the months of September through November or if milk is received on less than 60 days during such months, the base of such producer shall be his average daily deliveries...
Page 152 - I milk on routes (other than to pool plants) in the marketing area; (2) Deduct (except that deducted under a similar provision of another order issued pursuant to the Act) the respective amounts of skim milk and butterfat received as Class I milk at the partially regulated distributing plant from pool plants and other order plants ; (3) Combine the amounts of skim milk and butterfat remaining into one total and determine the weighted average butterfat content; and (4) From the value of such milk...
Page 27 - The agency for the administration of this part shall be a market administrator who shall be a person selected and subject to removal by the Secretary. The market administrator shall, within 45 days following the date upon which he enters upon his duties, execute and deliver to the Secretary a bond, conditioned upon the faithful performance of his duties, in an amount and with surety thereon satisfactory to the Secretary.
Page 27 - Furnish to each handler operating a pool plant who has shipped fluid milk products to an other order plant, the classification to which such fluid milk products were allocated by the market administrator of the other order on the basis of the report of the receiving handler; and, as necessary, any changes in such classification arising in the verification of such report.
Page 276 - ... assigned as Class I to receipts from other order plants and unregulated supply plants, such assignment to be made first to transferor plants at which no location adjustment credit is applicable and then in sequence beginning with the plant at which the least location adjustment would apply. [29 FR 10872, July 30, 1964] § 1046.54 Use of equivalent prices. If for any reason a price quotation required by this part for computing class prices or for other purposes is not available in the manner described,...
Page 253 - On or before the 25th day of each month each handler pursuant to §1045.11 (a), (b) and (c) shall report his producer or dairy farmer payroll for each plant for the preceding month which shall show: (a) The total pounds of milk received from each producer and the percentage of butterfat contained therein or the pounds of milk received from each dairy farmer producing Grade A milk and the percentage of butterfat contained therein; and (b) The date and net amount of payment to such producer or dairy...