PRIA, Government Policy, Made Personal

Summary

The Secretary must work out a national average feed cost each month. To do that, the Secretary uses the monthly U.S. corn price from the Agricultural Prices report, the central Illinois soybean meal price from the Market News–Monthly Soybean Meal Price Report, and the U.S. alfalfa hay price from the Agricultural Prices report. For dairy margin insurance, the Secretary must calculate the actual dairy production margin each month by subtracting that average feed cost from the month’s all-milk price. The calculation must be done as soon as possible using the full-month prices.

Title 7, §9052

Agriculture, Source: USLM XML via OLRC

(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.

Notes & Related Subsidiaries

Editorial Notes

Amendments

2018—Subsec. (b)(1). Pub. L. 115–334 substituted “dairy margin coverage” for “the margin protection program” in introductory provisions. Pub. L. 115–123 substituted “month” for “consecutive 2-month period” wherever appearing.

Statutory Notes and Related Subsidiaries

Effective Date

of 2018 AmendmentAmendment by Pub. L. 115–334 effective on Jan. 1, 2019, see section 1401(m) of Pub. L. 115–334, set out as a note under section 9051 of this title. Amendment by Pub. L. 115–123 applicable beginning with the 2018 calendar year, see section 60101(b)(5) of Pub. L. 115–123, set out as a note under section 9051 of this title. Collection of Alfalfa Hay Data Pub. L. 115–334, title I, § 1401(c), Dec. 20, 2018, 132 Stat. 4512, provided that: “Not later than 120 days after the date of the enactment of this Act [Dec. 20, 2018], the Secretary [of Agriculture], acting through the National Agricultural Statistics Service, shall revise monthly price survey reports to include prices for high-quality alfalfa hay in the top five milk producing States, as measured by volume of milk produced during the previous month.”

§9052 Calculation of Average Feed Cost and Actual Dairy Production Margins