[Code of Federal Regulations]
[Title 7, Volume 9]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1140.1]

[Page 176-177]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER X--AGRICULTURAL MARKETING SERVICE (Marketing Agreements and 
                 Orders; Milk) DEPARTMENT OF AGRICULTURE
 
PART 1140_DAIRY FORWARD PRICING PILOT PROGRAM--Table of Contents
 
                          Subpart A_Definitions
 
Sec.  1140.1  Definitions.




                          Subpart A_Definitions

Sec.  
1140.1 Definitions.

               Subpart B_Rules Governing Forward Contracts

1140.2 Rules governing forward contracts.


[[Page 177]]


    Authority: 7 U.S.C. 601 et seq.

    Source: 65 FR 44413, July 18, 2000, unless otherwise noted.



    (a) Pilot program means the dairy forward pricing pilot program 
provided by an amendment to the Agricultural Marketing Agreement Act of 
1937 (7 U.S.C. 601 et seq.) signed into law on November 29, 1999 
(Section 3 of H.R. 3428 of the 106th Congress, as enacted by section 
1001(a)(8) of Public Law 106-113 (113 Stat. 1536)).
    (b) Eligible milk means the quantity of milk equal to the 
contracting handler's Class II, III, and IV utilization of producer 
milk, in product pounds, during the month, combining all plants of a 
single handler regulated under the same Federal order.
    (c) Forward contract means an agreement covering the terms and 
conditions for the sale of milk from a producer defined in Sec.  Sec.  
1001.12, 1005.12, 1006.12, 1007.12, 1030.12, 1032.12, 1033.12, 1124.12, 
1126.12, 1131.12, and 1135.12, or a cooperative association defined in 
Sec.  1000.18, and a handler defined in Sec.  1000.9 or 1135.9.
    (d) Contract milk means the producer milk covered by a forward 
contract.
    (e) Disclosure statement means the following statement which must be 
signed by each producer entering into a forward contract with a handler 
before the market administrator will recognize the terms and conditions 
provided in such contract.

                          Disclosure Statement

    I am voluntarily entering into a forward contract with -------- 
(handler's name). I have been given a copy of the contract and I have 
received the USDA's Pilot Program Fact Sheet to which this disclosure 
statement was attached. By signing this form, I understand that I am 
forfeiting my right to receive the order's minimum prices for that 
portion of my milk that is under forward contract for the duration of 
the contract. I also understand that my milk will be priced in 
accordance with the terms and conditions of the contract.

Printed Name:___________________________________________________________
Signature:______________________________________________________________
Date:___________________________________________________________________
Address:________________________________________________________________
Producer No:____________________________________________________________

    (f) Other definitions. The definition of any term in parts 1000-1135 
of this chapter apply to, and are hereby made a part of, this part.