Title 7 — Agriculture
Chapter 26 — Agricultural Adjustment
§ 627. Dairy forward pricing pilot program
Statutory text
Pilot program required
Not later than 90 days after , the Secretary of Agriculture shall establish a temporary pilot program under which milk producers and cooperatives are authorized to voluntarily enter into forward price contracts with milk handlers.
Minimum milk price requirements
Payments made by milk handlers to milk producers and cooperatives, and prices received by milk producers and cooperatives, under the forward contracts shall be deemed to satisfy—
all regulated minimum milk price requirements of paragraphs (B) and (F) of subsection (5) of section 608c of this title; and
the requirement of paragraph (C) of such subsection regarding total payments by each handler.
Milk covered by pilot program
Covered milk
The pilot program shall apply only with respect to the marketing of federally regulated milk that—
is not classified as Class I milk or otherwise intended for fluid use; and
is in the current of interstate or foreign commerce or directly burdens, obstructs, or affects interstate or foreign commerce in federally regulated milk.
Relation to Class I milk
To assist milk handlers in complying with the limitation in paragraph (1)(A) without having to segregate or otherwise individually track the source and disposition of milk, a milk handler may allocate milk receipts from producers, cooperatives, and other sources that are not subject to a forward contract to satisfy the handler’s obligations with regard to Class I milk usage.
Duration
The authority of the Secretary of Agriculture to carry out the pilot program shall terminate on . No forward price contract entered into under the program may extend beyond that date.
Study and report on effect of pilot program
Study
The Secretary of Agriculture shall conduct a study on forward contracting between milk producers and cooperatives and milk handlers to determine the impact on milk prices paid to producers in the United States. To obtain information for the study, the Secretary may use the authorities available to the Secretary under section 608d of this title, subject to the confidentiality requirements of subsection (2) of such section.
Report
Not later than , the Secretary shall submit to the Committee on Agriculture, Nutrition and Forestry of the Senate and the Committee on Agriculture of the House of Representatives a report containing the results of the study.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
District of Columbia Appropriations Act, 2000
Pub. L. 106–113 div. B § 1000(a)(8)(s3) · 113 Stat. 1501
Enacted · 7 U.S.C. § 627
(May 12, 1933, ch. 25, title I, § 23, as added Pub. L. 106–113, div. B, § 1000(a)(8) [§ 3], Nov. 29, 1999, 113 Stat. 1536, 1501A–519.)
Source evidence
Code source credit
(May 12, 1933, ch. 25, title I, § 23, as added Pub. L. 106–113, div. B, § 1000(a)(8) [§ 3], Nov. 29, 1999, 113 Stat. 1536, 1501A–519.)
0 of 1 references resolved to an enrolled provision · 1 partial
Editorial Notes
Codification
Another section 23 of act amended former section 781 of Title 12, Banks and Banking.
Credits
(May 12, 1933, ch. 25, title I, § 23, as added Pub. L. 106–113, div. B, § 1000(a)(8) [§ 3], , 113 Stat. 1536, 1501A–519.)