Source: https://www.law.cornell.edu/cfr/text/7/1030.73
Timestamp: 2017-01-18 20:33:59
Document Index: 697061181

Matched Legal Cases: ['art 1030', '§ 1030', '§ 1000', '§ 1000', '§ 1030', '§ 1000', '§ 1000', '§ 1000', '§ 1000', '§ 1000', '§ 1030', '§ 1030', 'art 1030']

7 CFR 1030.73 - Payments to producers and to cooperative associations. | US Law | LII / Legal Information Institute
CFR › Title 7 › Subtitle B › Chapter X › Part 1030 › Subpart order_regulating_handling › Section 1030.73 7 CFR 1030.73 - Payments to producers and to cooperative associations.
§ 1030.73 Payments to producers and to cooperative associations.
(1)Partial payment. For each producer who has not discontinued shipments as of the date of this partial payment, payment shall be made so that it is received by each producer on or before the 26th day of the month (except as provided in § 1000.90) for milk received during the first 15 days of the month from the producer at not less than the lowest announced class price for the preceding month, less proper deductions authorized in writing by the producer.
(2)Final payment. For milk received during the month, payment shall be made so that it is received by each producer no later than the 17th day after the end of the month (except as provided in § 1000.90) in an amount equal to not less than the sum of:
(i) The hundredweight of producer milk received times the producer price differential for the month as adjusted pursuant to § 1030.75;
(vii) Less proper deductions authorized in writing by such producer, and plus or minus adjustments for errors in previous payments to such producer subject to approval by the market administrator; and
(b)Payments for milk received from cooperative association members. On or before the day prior to the dates specified in paragraphs (a)(1) and (a)(2) of this section (except as provided in § 1000.90), each handler shall pay to a cooperative association for milk from producers who market their milk through the cooperative association and who have authorized the cooperative to collect such payments on their behalf an amount equal to the sum of the individual payments otherwise payable for such producer milk pursuant to paragraphs (a)(1) and (a)(2) of this section.
(c)Payment for milk received from cooperative association pool plants or from cooperatives as handlers pursuant to § 1000.9(c). On or before the day prior to the dates specified in paragraphs (a)(1) and (a)(2) of this section (except as provided in § 1000.90), each handler who receives fluid milk products at its plant from a cooperative association in its capacity as the operator of a pool plant or who receives milk from a cooperative association in its capacity as a handler pursuant to § 1000.9(c), including the milk of producers who are not members of such association and who the market administrator determines have authorized the cooperative association to collect payment for their milk, shall pay the cooperative for such milk as follows:
(1) For bulk fluid milk products and bulk fluid cream products received from a cooperative association in its capacity as the operator of a pool plant and for milk received from a cooperative association in its capacity as a handler pursuant to § 1000.9(c) during the first 15 days of the month, at not less than the lowest announced class prices per hundredweight for the preceding month;
(i) The hundredweight of producer milk received times the producer price differential as adjusted pursuant to § 1030.75;
(d) If a handler has not received full payment from the market administrator pursuant to § 1030.72 by the payment date specified in paragraph (a), (b) or (c) of this section, the handler may reduce pro rata its payments to producers or to the cooperative association (with respect to receipts described in paragraph (b) of this section, prorating the underpayment to the volume of milk received from the cooperative association in proportion to the total milk received from producers by the handler), but not by more than the amount of the underpayment. The payments shall be completed on the next scheduled payment date after receipt of the balance due from the market administrator.
[64 FR 47978, Sept. 1, 1999, as amended at 65 FR 82836, Dec. 28, 2000; 68 FR 7066, Feb. 12, 2003]
7 CFR 1030.75 — Plant Location Adjustments for Producer Milk and Nonpool Milk.
7 CFR 1030.31 — Payroll Reports.
Title 7 published on 2015-08-22.No entries appear in the Federal Register after this date, for 7 CFR Part 1030.