federal_register: 97-6496
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| 97-6496 | Notice of Price Regulation Procedure: Request for Additional Comments | Notice | The Commission has previously sought comment, and held a hearing, on a variety of issues relating to the possible establishment of a compact over-order price regulation. See 61 FR 65604 dated December 13, 1996. In this notice, the Commission is providing an additional opportunity for public comment on issues identified in the earlier notice and in the December hearings, and on related subjects. 1. The Commission seeks comment on historical trends or patterns as well as statistical methods or data that relate to the issues identified in the earlier notice. 2. The Commission also seeks comment on the prevailing farm, wholesale and retail costs and/or prices, for bulk and/or packaged milk, both inside and outside the New England region; the impact, if any, on the various production and processing costs discussed in the earlier notice attributable to the distance that bulk and packaged product must travel to and from a processing facility; and the elasticity of demand for Class I fluid milk products. 3. The Commission seeks comment on the impact, if any on the retail price of milk in the New England region caused by movement of the epicenter of the milk supply away from the region's processing facilities, and the identification of statistical data and methodologies for measuring that impact. 4. The Commission seeks comment on the impact, if any, of a flat, regulated, minimum Class I price (a price that combines the federal Market Order and Compact over-order prices) on wholesale costs, prevailing market premium surcharges, state over-order pricing programs, Class I prices in the areas of New England not regulated under Federal Market Order <greek-i>1 and any other potential impacts on the wholesale market for milk. The Commission also seeks comment on the level of premium surcharges that have been present in the New England market over time, the movement of bulk milk from New England to other regions of the country and the means for tracking the movement of packaged milk into New England from other regions. 5. The Commission seeks comment of the impact, if any, of such a flat Class I price on retail costs and prices, the fluid milk costs and price disbursements of the Women, Infants and Children Special Supplemental Nutrition Program of the United States Child Nutrition Act of 1966, and/or the fluid milk procurement process of school lunch programs. The Commission also seeks comment on the means to assess these impacts. 6. The Commission seeks comment on the most appropriate means to account for its responsibility to reimburse the Commodity Credit Corporation (CCC) for CCC purchases attributable to an increase in milk production in the New England region above the national average rate of increase. 7. The Commission also seeks comment on the appropriate, necessary and feasible, action to take, as required by the Compact, to ensure that Compact over-order price regulation does not result in additional supplies of milk. 8. The Commission is considering a possible Compact over-order price regulation that will be based, at least in part, on an adjustment for inflation to the Class I, fluid milk price, over time. The Commission seeks comment on the advisability of such an approach, as well as possible methodologies for determining the impact that such an adjustment would have on the Class I, fluid milk price, over time. 9. The Commission also seeks comment on any other issue of concern relating to establishment of a Compact over-order price regulation. | 1997-03-14 | 1997 | 3 | https://www.federalregister.gov/documents/1997/03/14/97-6496/notice-of-price-regulation-procedure-request-for-additional-comments | https://www.govinfo.gov/content/pkg/FR-1997-03-14/pdf/97-6496.pdf | Northeast Dairy Compact Commission | 380 | The Commission has previously sought comment, and held a hearing, on a variety of issues relating to the possible establishment of a compact over-order price regulation. See 61 FR 65604 dated December 13, 1996. In this notice, the Commission is... |