Posted by Weldon K on January 09, 2019 at 09:17:13 from (69.40.189.74):
In Reply to: Dairy Settlement posted by drussell on January 08, 2019 at 04:39:49:
I received the letter. I did some calculations to arrive at an estimated pay off for a hundred weight of milk produced during that time. Using some USDA statistics I found, that time period had about 175,000,000,000 lbs per year. Using figure ( that I read somewhere) 60% of milk is under Federal order per year gives 105,000,000,000 lbs/year for 5.33 years yields 559,650,000,000 lbs. total. That equals 5,596,500,000 cwt.of milk that will share in the $40 million (less lawyers 33% leaving about $26 million for producers). I calculate that payment will be about .004645 dollars per cwt. I believe my math to be correct. Anyone is welcome to calculate for yourself to show me if I have erred in my calculations. We had roughly 4,400,000 lbs. milk during the period so figuring 44,000 cwt at .004645/cwt gets us $204.00 . I will for sure be returning the claim for.
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