Contact: Dan Smith, Executive Director, at (802) 229-1941
MONTPELIER,
VT -- The Northeast Dairy Compact Commission has released a total of $3,999,644.83
to the approximately 4000 dairy farmers in the New England milkshed, for
September 2000 milk shipments. Farmers
will receive $0.76 per hundred pounds of milk shipped into the New England
market for this payment.
Tracking operation of the federal Milk Market
Order Program, the Compact Commission regulates the price paid by milk
processors for all fluid or beverage milk marketed in the six-state New England
marketplace. The charged amount to
processors under the Compact price regulation resulted in an Over-order charge
of $1.85 per hundred pounds. By
contrast, the Over-order charge for August was $1.74, indicating that the Class
I price under the federal program dropped eleven cents from August to September.
The September payment also includes the third
of twelve installment payments for the Supply Management Assessment Refund
Program, in the amount of $394,701.79, bringing the total held in this reserve
to about $1,200,000.00. As occurs each month, amounts were also placed in
reserve for reimbursement to the Women, Infants and Children Supplemental
Nutrition Programs and the School Food Programs.
The Commission also made School Food Program
Reimbursement payments of $470,918.04 this month for the 1999-2000 school
year. Reimbursement payments were made
to those school districts from throughout New England which had filed with the
Commission documentation of an increase in their milk program costs for school
year 1999-2000 attributable to operation of the Compact price regulation.
To cover this reimbursement provision of the
price regulation, the Commission had withheld one percent of the total receipts
from milk handlers under the price regulation for the period covered by school
year 1999-2000 in the total amount of $795,653.25. Because less than one percent was paid out as reimbursement to
school districts, the balance will be added to the October pool for
distribution to producers.
Return to Press Releases
Return to the Northeast Dairy Compact Home Page