NEWS
Farm Service Agency
Public Affairs Staff
1400 Independence Ave SW
Stop 0506, Room 3624-South
Washington, D.C. 20250-0506
Release No. 1756.01
Jillene Johnson (202) 720-9733
jillene_johnson@wdc.usda.gov
USDA ANNOUNCES 2002 SUPPORT PRICES FOR MILK AND MILK
PRODUCTS
WASHINGTON, December 28, 2001 -- The U.S. Department
of Agriculture announced today that the purchase prices for
butter, nonfat dry milk, and cheese under the Milk Price
Support Program will remain unchanged for now, but will be
reconsidered as the 2002 calendar year begins. The
Agriculture, Rural Development, Food and Drug
Administration, and Related Agencies Appropriations Act,
2002, extends the program through May 31, 2002, at the 2001
milk support price of $9.90 per hundredweight (3.67 percent
milkfat).
The purchase prices for these manufactured dairy
products remain as follows: butter, $0.8548 per pound;
block cheddar cheese, $1.1314 per pound; barrel cheese,
$1.1014 per pound; and nonfat dry milk, $.9000 per pound.
The Agricultural Market Transition Act permits the
Secretary of Agriculture to adjust the balance between the
purchase prices of butter and nonfat dry milk twice each
calendar year.
Currently, USDA's Commodity Credit Corporation has 822
million pounds of nonfat dry milk in inventory. Further
terms and conditions for purchases of dairy products will be
contained in subsequent announcements.
#
Note: Farm Service Agency (FSA) news releases and media
advisories are available on the Web at FSA's Home Page:
http://www.fsa.usda.gov |
