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Market Loss Payment Expected
FARGO - May 30/02 - SNS -- A market loss payment of U.S. $1.20 per 100 pounds (cwt) is expected to be made in June under terms of the 2002 Farm Bill, reckons Dwight Aakre of the NDSU Extension Service.
The announced June Class 1 price for Boston is $14.28. The dairy market loss program pays all eligible dairy producers 45% of the difference between $16.94 and the Class 1 fluid milk price in Boston. No payment is made for any month the Boston price is above $16.94. This program is retroactive to Dec. 1, 2001.
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