7 U.S. Code § 9052 - Calculation of average feed cost and actual dairy production margins
(a) Calculation of average feed costThe Secretary shall calculate the national average feed cost for each month using the following data:
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.
(b) Calculation of actual dairy production margin
(1) In generalFor use in dairy margin coverage, the Secretary shall calculate the actual dairy production margin for each month by subtracting—
the average feed cost for that month, determined in accordance with subsection (a); from
the all-milk price for that month.
Pub. L. 115–123 substituted “month” for “consecutive 2-month period” wherever appearing.
Effective Date of 2018 Amendment
Collection of Alfalfa Hay Data
“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.”