§9051 Definitions

Summary

Defines key words used for the dairy margin coverage program. Actual dairy production margin: the difference between the all-milk price and the average feed cost, calculated under section 9052. All-milk price: the average amount received per hundredweight of milk sold to plants and dealers in the United States, as set by the Secretary of Agriculture. Average feed cost: the feed cost per hundredweight, calculated under section 9052 as the sum of three parts using these exact multipliers: 1.0728 × corn price per bushel; 0.00735 × soybean meal price per ton; and 0.0137 × alfalfa hay price per ton. Dairy operation: one or more producers who produce and sell milk together, share production risk, and contribute resources (land, labor, management, equipment, or capital) in line with their share of the proceeds; the Secretary may include other ownership types. Dairy margin coverage: the program required by section 9053. Dairy margin coverage payment: a payment under section 9056 to a participating dairy operation. Participating dairy operation: one that registers under section 9054. Production history: the history set under subsection (a) or (b) of section 9055. Secretary: the Secretary of Agriculture. United States (geographical): the 50 States, the District of Columbia, American Samoa, Guam, the Northern Mariana Islands, Puerto Rico, the U.S. Virgin Islands, and any other U.S. territory or possession.