[Code of Federal Regulations]
[Title 7, Volume 10]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 7CFR1430.2]

[Page 545-546]
 
                          TITLE 7--AGRICULTURE
 
  CHAPTER XIV--COMMODITY CREDIT CORPORATION, DEPARTMENT OF AGRICULTURE
 
PART 1430_DAIRY PRODUCTS--Table of Contents
 
                Subpart A_Price Support Program for Milk
 
Sec. 1430.2  Price support levels and purchase conditions.

    (a)(1) The level of price support provided to farmers marketing milk 
containing 3.67 percent milkfat from dairy cows is $9.90 per 
hundredweight for calendar year 2002 through 2007.
    (2) Subject to paragraph (b) of this section, price support for milk 
will be made available through CCC purchases of butter, nonfat dry milk, 
and Cheddar cheese, offered subject to the terms and

[[Page 546]]

conditions of FSA's purchase announcements.
    (3) CCC purchase prices for dairy products will be announced by a 
USDA news release.
    (4) CCC may, by special announcement, offer to purchase other dairy 
products to support the price of milk.
    (5) Purchase announcements setting forth terms and conditions of 
purchase may be obtained upon request from CCC.
    (b)(1) The block cheese purchased shall be U.S. Grade A or higher, 
except that the moisture content shall not exceed 38.5 percent; the 
barrel cheese shall be U.S. Extra Grade, except that the moisture 
content shall not exceed 36.5 percent.
    (2) The nonfat dry milk purchased shall be U.S. Extra Grade, except 
that the moisture content shall not exceed 3.5 percent.
    (3) The butter purchased shall be U.S. Grade A or higher.
    (c) The products purchased shall be manufactured in the United 
States from milk produced in the United States and shall not have been 
previously owned by CCC.
    (d) Purchases will be made in carlot weights specified in the 
announcements. Grade and weights shall be evidenced by USDA-issued 
inspection certificates.