Multiple basing points


Multiple basing points

Multiple basing points is a method of regional pricing in milk marketing orders that would allow more than one basing point, or surplus area, to be used. Surplus areas are administratively defined as areas with low Class I utilization, meaning that a relatively small percentage of the milk produced in an area is used in that area as Class I (fluid) milk. In a multiple basing point system, the order used as the basing point has the smallest Class I differential (the difference between the Class I price and the Class III price). The Class I differential for other orders is then based on transportation costs to the nearest basing point plus the minimum differential. Pricing now largely reflects the Upper Midwest as the only basing point, even though the northeast and southwest are surplus areas.

References


Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Aerial refueling — A C 17 Globemaster refuels through the boom of a Boeing KC 135 Stratotanker …   Wikipedia

  • Fritz Machlup — (1902 1983), économiste autrichien (dans les deux sens du terme), fut très influent dans le développement des sciences économiques en contribuant à presque tous ses domaines et en apportant d importantes clarifications en méthodologie, théorie,… …   Wikipédia en Français

  • Gundam (mobile suit) — The RX 78 Gundam is a series of fictional testbed mobile suits in the Gundam Universal Century developed by the Earth Federation. The titular mobile suit of the series, the RX 78 2 Gundam, is a member of this series. The RX 78 2 Gundam serves as… …   Wikipedia

  • rocket and missile system — ▪ weapons system Introduction       any of a variety of weapons systems that deliver explosive warheads to their targets by means of rocket propulsion.       Rocket is a general term used broadly to describe a variety of jet propelled missiles… …   Universalium

  • BIBLE — THE CANON, TEXT, AND EDITIONS canon general titles the canon the significance of the canon the process of canonization contents and titles of the books the tripartite canon …   Encyclopedia of Judaism

  • Commodity Futures Modernization Act of 2000 — The Commodity Futures Modernization Act of 2000 (CFMA) is United States federal legislation that officially ensured the deregulation of financial products known as over the counter derivatives. It was signed into law on December 21, 2000 by… …   Wikipedia

  • education — /ej oo kay sheuhn/, n. 1. the act or process of imparting or acquiring general knowledge, developing the powers of reasoning and judgment, and generally of preparing oneself or others intellectually for mature life. 2. the act or process of… …   Universalium

  • Christianity — /kris chee an i tee/, n., pl. Christianities. 1. the Christian religion, including the Catholic, Protestant, and Eastern Orthodox churches. 2. Christian beliefs or practices; Christian quality or character: Christianity mixed with pagan elements; …   Universalium

  • mathematics — /math euh mat iks/, n. 1. (used with a sing. v.) the systematic treatment of magnitude, relationships between figures and forms, and relations between quantities expressed symbolically. 2. (used with a sing. or pl. v.) mathematical procedures,… …   Universalium

  • Military Affairs — ▪ 2009 Introduction        Russia and Georgia fought a short, intense war in 2008, fueling global fears of a new Cold War. On August 7 Georgia launched an aerial bombardment and ground attacks against its breakaway province of South Ossetia.… …   Universalium