110 HR 1583 IH: American Dairy Farmer Protection U.S. House of Representatives 2007-03-20 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 1st Session H. R. 1583 IN THE HOUSE OF REPRESENTATIVES March 20, 2007 Mrs. Gillibrand introduced the following bill; which was referred to the Committee on Agriculture A BILL To amend the Farm Security and Rural Investment Act of 2002 to extend the Milk Income Loss Contract Program through fiscal year 2012 at the 45 percent payment rate, to establish a minimum price for Class I milk under Federal milk marketing orders, and for other purposes.

1.

Short title

This Act may be cited as the American Dairy Farmer Protection Act.

2.

Continuation of milk income loss contract program

(a)

Continuation of program; payment percentage rate

Subsection (c)(3)(C) of section 1502 of the Farm Security and Rural Investment Act of 2002 (7 U.S.C. 7982) is amended by striking 0 percent and inserting and ending on September 30, 2012, 45 percent. (b)

Maximum payment quantity

Subsection (d)(2) of such section is amended by striking 2,400,000 pounds and inserting 4,800,000 pounds. (c)

Contract signup and duration

Subsections (f) and (g)(1) of such section are amended by striking September 30, 2007 and inserting September 30, 2012.

3.

Minimum price for Class I milk under Federal milk marketing orders

(a)

Minimum price

Notwithstanding any other provision of law, effective October 1, 2007, the minimum price for Class I milk under each Federal milk marketing order issued under section 8c(5) of the Agricultural Adjustment Act (7 U.S.C. 608c(5)), reenacted with amendments by the Agricultural Marketing Agreement Act of 1937, shall be $15.58 per hundredweight during fiscal year 2008. (b)

Inflation adjustment

The minimum price for Class I milk to be in effect for a fiscal year under subsection (a) (other than fiscal year 2008) shall be adjusted by the percent that equals the total percentage change that occurred in the Consumer Price Index for all urban consumers (all items; U.S. city average) for the 12 month period ending June 30 preceding the fiscal year for which the adjustment is made. The adjustment made each fiscal year by this subsection shall be added on a compounded basis to the sum of all adjustments made each fiscal year after fiscal year 2008 under this subsection.