Utilization rates (milk)
In United States agricultural policy, utilization rates refer to the percentage of milk in federal milk marketing orders that is used in each of the classes: Class IV (butter and nonfat dry milk), Class III (cheese), Class II (all other manufactured products), Class I (milk used for fluid consumption). Utilization rates serve as weights for determining the , or blend price, received by dairy farmers within a region each month.
References[]
- This article incorporates public domain material from the Congressional Research Service document: Jasper Womach. "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" (PDF).
Categories:
- Milk
- Agriculture in the United States