🥛New Pricing Regulations for Federal Milk Marketing Orders Explained
Milk in the Northeast and Other Marketing Areas; Uniform Pricing Formula Provisions
Summary
This final rule amends the pricing provisions in the 11 Federal Milk Marketing Orders (FMMOs). Separate producer referenda held in each of the 11 FMMOs obtained the necessary two-thirds vote in favor of adoption of the amendments as proposed. Accordingly, the Agricultural Marketing Service (AMS) is issuing this final rule amending all 11 FMMOs in accordance with the Agricultural Marketing Agreement Act of 1937, as amended (AMAA).
Agencies
- Agriculture Department
- Agricultural Marketing Service
Business Impact
$$ - Med
The amendments to pricing provisions in the Federal Milk Marketing Orders (FMMOs) will directly affect dairy producers, impacting revenue based on new pricing formulas tied to milk composition and wholesale prices. Compliance with these new regulations will be essential for business owners and handlers in the dairy industry. The effective dates for changes provide a timeline for adjustment.