2015 US Code
Title 7 - Agriculture (Sections 1 - 9097)
Chapter 115 - Agricultural Commodity Policy and Programs (Sections 9001 - 9097)
Subchapter III - Dairy (Sections 9051 - 9071)
Part A - Margin Protection Program for Dairy Producers (Sections 9051 - 9060)
Sec. 9056 - Margin protection payments
| Publication Title | United States Code, 2012 Edition, Supplement 3, Title 7 - AGRICULTURE |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 7 - AGRICULTURE CHAPTER 115 - AGRICULTURAL COMMODITY POLICY AND PROGRAMS SUBCHAPTER III - DAIRY Part A - Margin Protection Program for Dairy Producers Sec. 9056 - Margin protection payments |
| Contains | section 9056 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 113-79, title I, §1406, Feb. 7, 2014, 128 Stat. 691. |
| Statutes at Large Reference | 128 Stat. 691 |
| Public and Private Law | Public Law 113-79 |
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For purposes of receiving margin protection payments for a consecutive 2-month period, a participating dairy operation shall annually elect—
(1) 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; and
(2) a percentage of coverage, in 5-percent increments, beginning with 25 percent and not exceeding 90 percent of the production history of the participating dairy operation.
(b) Payment thresholdA participating dairy operation shall receive a margin protection payment whenever the average actual dairy production margin for a consecutive 2-month period is less than the coverage level threshold selected by the participating dairy operation.
(c) Amount of margin protection paymentThe margin protection 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 consecutive 2-month period.
(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 6.
(Pub. L. 113–79, title I, §1406, Feb. 7, 2014, 128 Stat. 691.)
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