making a difference for dairy
Issues

Canadian Trade Policies
Food Waste
Geographical Indications
National Bioengineered Food Disclosure Standard
NCIMS - 2017 Conference Summary
North American Free Trade Agreement (NAFTA)
Nutrition Facts Label Changes
Trade Promotion Authority (TPA)
Worker Safety in the Dairy Industry

More issues...

                                                                                     
Be Heard

Regulatory RoundUp

Get Involved

Dairy Counts

Join the Discussion

Dairy Forum

Dairy Delivers: The Economic Impact of Dairy Products
Dairy Counts
FDA Milk Safety Memorandums
Buyers' Guide
Member Hotlines
Dairy Market Prices
Quick Links

                                                                                           
Dairy Facts 2016
 
 

USDA Extends Dairy Forward Pricing Program

Feb 04, 2013

The U.S. Department of Agriculture last Friday issued an extension of the Dairy Forward Pricing Program to allow producers and cooperative associations to enter into forward price contracts under the program through September 30, 2013. . The department also extended all other program requirements outlined in the October 2008 final rule until September 30, 2013. That rule allows handlers operating within federal marketing orders to establish forward contracts with producers or cooperatives for all monthly Class II, III and IV milk purchases.

The Dairy Forward Pricing Program allows producers and producer cooperative associations to voluntarily enter into forward price contracts with handlers for milk under the Agricultural Marketing Agreement Act of 1937. The 2008 Farm Bill initially prohibited new forward contracts from being entered into after September 30, 2012, and it did not allow forward contracts to extend beyond September 30, 2015.

The American Taxpayer Relief Act of 2012, signed into law last month, revised the program to allow new contracts to be entered into until September 30, 2013. Any forward contracts entered into until the deadline on September 30, 2013, are still subject to the September 30, 2015, cutoff date.

For more information, contact Bob Yonkers, IDFA vice president and chief economist, at byonkers@idfa.org.

 
International Sweetener Colloquium