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DSCI 230: Review for Milk Promotion/Pricing
Terms in this set (14)
Who oversees the milk pool?
Bureau of Milk Pooling & Stabilization
How can a dairy producer increase their blend price?
acquiring more quota
Under what circumstances is new quota placed into the system by the state?
if a new producer signs or class 1 consumption increases
How can a producer lose their quota?
by not using it
For what price is the Commodity Reference Price a majority?
Historically, what has been done with dairy products purchased by the federal government?
school lunches, assistive food programs
Into what class of dairy products does butter fall?
How does the mission of CMAB and DCC differ?
CMAB=general advertisement and promotion DCC=education
How can the milk pooling system be fair if some processors are drawing money from the pool while others are putting money into it?
Processors get different prices for different products.
For what fluid dairy product is there a distinct nutritional advantage over similar labelled products purchased outside the state?
The difference between 1% and 2% milk: more protein and calcium
Why might a producer want to sell their quota?
retiring, need money, loose business
What is meant by a "quality premium"?
additional payment given to producers for premium milk
Was the initial allocation of quota in 1966-1967 done in a fair fashion? Why or why not?
No, how the product was being used
What is the purpose of the Producer Security Fund?
IF a processor goes under, producer gets payments to find another processor.
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