About: Milk Income Loss Contract Payments

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Milk Income Loss Contract (MILC) Payments is the name given by USDA to the dairy farmer counter-cyclical payments program, authorized by the 2002 farm bill (P.L. 107-171, Sec. 1502, 7 U.S.C. 7982). Under the program, dairy farmers nationwide are eligible for a federal payment whenever the minimum monthly market price for farm milk used for fluid consumption in Boston falls below $16.94/cwt. A producer potentially can receive a payment equal to 45 percent of the difference between the $16.94 per cwt. target price and the market price, in any month that the Boston market price falls below $16.94. A producer can receive a payment on all milk production during that month, but no payments will be made on any annual production in excess of 2.4 million pounds per dairy operation. On average this

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rdfs:label	Milk Income Loss Contract Payments (en)
rdfs:comment	Milk Income Loss Contract (MILC) Payments is the name given by USDA to the dairy farmer counter-cyclical payments program, authorized by the 2002 farm bill (P.L. 107-171, Sec. 1502, 7 U.S.C. 7982). Under the program, dairy farmers nationwide are eligible for a federal payment whenever the minimum monthly market price for farm milk used for fluid consumption in Boston falls below $16.94/cwt. A producer potentially can receive a payment equal to 45 percent of the difference between the $16.94 per cwt. target price and the market price, in any month that the Boston market price falls below $16.94. A producer can receive a payment on all milk production during that month, but no payments will be made on any annual production in excess of 2.4 million pounds per dairy operation. On average this (en)
dcterms:subject	Agricultural subsidies United States Department of Agriculture
Wikipage page ID	23647255 (xsd:integer)
Wikipage revision ID	1105036293 (xsd:integer)
Link from a Wikipage to another Wikipage	Boston Hundredweight United States Department of Agriculture Agricultural subsidies United States Department of Agriculture Dairy Price Support Program 2002 farm bill dbr:File:Milk_class_III_price.webp
Link from a Wikipage to an external page	http://ncseonline.org/nle/crsreports/05jun/97-905.pdf%7Cauthor= http://www.fsa.usda.gov/FSA/webapp%3Farea=home&subject=prsu&topic=mpp-mi
sameAs	Milk Income Loss Contract Payments Milk Income Loss Contract Payments Milk Income Loss Contract Payments Milk Income Loss Contract Payments
dbp:wikiPageUsesTemplate	dbt:CRS
article	Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (en)
url	http://ncseonline.org/nle/crsreports/05jun/97-905.pdf\|author= Jasper Womach (en)
has abstract	Milk Income Loss Contract (MILC) Payments is the name given by USDA to the dairy farmer counter-cyclical payments program, authorized by the 2002 farm bill (P.L. 107-171, Sec. 1502, 7 U.S.C. 7982). Under the program, dairy farmers nationwide are eligible for a federal payment whenever the minimum monthly market price for farm milk used for fluid consumption in Boston falls below $16.94/cwt. A producer potentially can receive a payment equal to 45 percent of the difference between the $16.94 per cwt. target price and the market price, in any month that the Boston market price falls below $16.94. A producer can receive a payment on all milk production during that month, but no payments will be made on any annual production in excess of 2.4 million pounds per dairy operation. On average this limit is reached by a milking herd of 130 cows. MILC payments apply to production beginning December 1, 2002 through September 30, 2012. (en)
gold:hypernym	Name
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page length (characters) of wiki page	1564 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Milk_Income_Loss_Contract_Payments
is Link from a Wikipage to another Wikipage of	Milk Income Loss Contract Southern Dairy Compact
is Wikipage redirect of	Milk Income Loss Contract
is foaf:primaryTopic of	wikipedia-en:Milk_Income_Loss_Contract_Payments

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