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PMMB reduces over-order premium

 

PMMB reduces over-order premium
The Pennsylvania Milk Marketing Board (PMMB) will reduce the Class I over-order premium price for milk for the six-month period beginning Jan. 1, 2013. The board decided to decrease the premium by 15¢/cwt., to $1.80 for the three-month period of January through March, and then increase the premium to $1.85/cwt. from April through June. 
Over-order producer premiums mandated by PMMB are assessed on fluid (Class I) milk produced, processed and sold entirely within Pennsylvania. PMMB continued the current fuel adjuster add-on to the producer premium, established under a different pricing order.  
Pennsylvania Farm Bureau (PFB) president Carl Shaffer opposed the reduction. Testimony and data offered by PFB during a PMMB hearing earlier this month showed financial conditions for Pennsylvania dairy farmers have not improved as farmers continue to face serious economic challenges. Production costs, such as feed concentrate and soybean meal, have increased substantially compared to previous years.
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