The Dairy Forward Pricing Program has been reauthorized in accordance with the 2018 Farm Bill.

The Dairy Forward Pricing Program allows milk handlers to voluntarily enter into forward price contracts with producers or cooperative associations of producers for a negotiated price for raw milk.

Establishing new contracts under the Dairy Forward Pricing Program has been prohibited since the expiration of the program on Sept. 30, 2018. The 2018 Farm Bill reauthorized the program to allow the handlers to enter into new contracts until Sept. 30, 2023. Any forward contract entered prior to the Sept. 30, 2023, deadline is subject to a Sept. 30, 2026, expiration date.

The final rule is published in the Federal Register.

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