7 U.S.C. § 9056

Title 7 Chapter 115 Current through PL 119-73 Last updated: March 29, 2026 View on OLRC →

Sections in this chapter

§ 9001
§ 9011
§ 9012
§ 9013
§ 9014
§ 9015
§ 9016
§ 9017
§ 9018
§ 9019
§ 9031
§ 9032
§ 9033
§ 9034
§ 9035
§ 9036
§ 9037
§ 9038
§ 9039
§ 9040
§ 9051
§ 9052
§ 9053
§ 9054
§ 9055
§ 9056
§ 9057
§ 9058
§ 9059
§ 9060
§ 9071
§ 9071a
§ 9081
§ 9091
§ 9092
§ 9093
§ 9094
§ 9095
§ 9096
§ 9097

§ 9056. Dairy margin coverage payments

(a)
- (1)
  - (A) For purposes of receiving dairy margin coverage payments for a month, a participating dairy operation shall annually elect a coverage level threshold that is equal to $4.00, $4.50, $5.00, $5.50, $6.00, $6.50, $7.00, $7.50, $8.00, $8.50, $9.00, or $9.50.
  - (B) Except as provided in subparagraph (C), the coverage level threshold elected under subparagraph (A) shall apply to the covered production elected by the participating dairy operation under paragraph (2).
  - (C) In the case of a participating dairy operation that elects a coverage level threshold of $8.50, $9.00, or $9.50 under subparagraph (A)—
    - (i) that coverage level threshold shall apply to the first 6,000,000 pounds of milk marketings included in the covered production elected by the participating dairy operation; and
    - (ii) the participating dairy operation shall elect a coverage level threshold that is equal to $4.00, $4.50, $5.00, $5.50, $6.00, $6.50, $7.00, $7.50, or $8.00 to apply to milk marketings in excess of 6,000,000 pounds included in the covered production elected by the participating dairy operation.
- (2) For purposes of receiving dairy margin coverage payments for a month, a participating dairy operation shall annually elect a percentage of coverage, in 5-percent increments, not exceeding 95 percent of the production history of the participating dairy operation.
(b) A participating dairy operation shall receive a dairy margin coverage payment whenever the average actual dairy production margin for a month is less than the coverage level threshold selected by the participating dairy operation.
(c) The dairy margin coverage payment for the participating dairy operation shall be determined as follows:
- (1) The Secretary shall calculate the amount by which the coverage level threshold selected by the participating dairy operation exceeds the average actual dairy production margin for the month.
- (2) The amount determined under paragraph (1) shall be multiplied by—
  - (A) the coverage percentage selected by the participating dairy operation; and
  - (B) the production history of the participating dairy operation divided by 12.

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