Basing Point
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Basing Point
A basing point is a geographical site used to establish minimum fluid milk prices for federal milk marketing orders. Generally, minimum fluid farm milk prices increase according to the distance from the basing point. When federal milk marketing orders began in the 1930s, Eau Claire, Wisconsin was viewed as the principal surplus milk production region in the nation and hence served as the basing point for most milk priced under federal milk marketing orders. Generally, the further a region is from the Upper Midwest The Upper Midwest is a northern subregion of the U.S. Census Bureau's Midwestern United States. Although the exact boundaries are not uniformly agreed upon, the region is usually defined to include the states of Iowa, Michigan, Minnesota and Wi ..., the higher that region's minimum price for fluid farm milk. Some have argued that there currently are other surplus production regions in the country (e.g., in the northeast and southwest) which should serve as basing poi ...
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Federal Milk Marketing Order
Marketing orders and agreements in United States agricultural policy allow producers to promote orderly marketing through collectively influencing the supply, demand, or price of a particular commodity. Research and promotion can be financed with pooled funds. ''Marketing orders'' are binding on all handlers of the commodity within the geographic area of regulation once it is approved by a required number of producers (usually two-thirds). An order may limit the quantity of goods marketed, or establish the grade, size, maturity, quality, or prices of the goods. The Agricultural Marketing Service of the United States Department of Agriculture (USDA) uses marketing orders to regulate the sale of dairy products and fruits and vegetables. An order can be terminated when a majority of all producers favor its termination or when the USDA determines that the order no longer serves its intended purpose. ''Marketing agreements'' may contain more diversified provisions, but are enforceable o ...
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Eau Claire, Wisconsin
Eau Claire ( ; lit. "clear water") is a city in Eau Claire County, Wisconsin, Eau Claire and Chippewa County, Wisconsin, Chippewa counties in the U.S. state of Wisconsin. It is the county seat, seat of Eau Claire County. It is the List of cities in Wisconsin, seventh-most populous city in Wisconsin, with a population of 69,421 at the 2020 United States census, 2020 census. The Eau Claire–Chippewa Falls metropolitan area, Eau Claire metropolitan area, known locally as the Chippewa Valley, has approximately 176,000 residents. Eau Claire is at the confluence of the Eau Claire River (Chippewa River), Eau Claire and Chippewa River (Wisconsin), Chippewa rivers on traditional Ojibwe, Dakota people, Dakota, and Ho-Chunk land. The area's first permanent European American settlers arrived in 1845, and Eau Claire was incorporated as a city in 1872. The city's early growth came from its extensive logging and timber industries. After Eau Claire's lumber industry declined in the early 20th ...
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Upper Midwest
The Upper Midwest is a northern subregion of the U.S. Census Bureau's Midwestern United States. Although the exact boundaries are not uniformly agreed upon, the region is usually defined to include the states of Iowa, Michigan, Minnesota and Wisconsin; some definitions include North Dakota, South Dakota, and parts of Nebraska and Illinois. Definitions The National Centers for Environmental Information considers the Upper Midwest climate region to include Iowa, Michigan, Minnesota, and Wisconsin. The United States Geological Survey uses two different Upper Midwest regions: *The USGS Upper Midwest Environmental Sciences Center considers it to be the six states of Illinois, Indiana, Iowa, Michigan, Minnesota and Wisconsin, which comprise the watersheds of the Upper Mississippi River and upper Great Lakes. *The USGS Mineral Resources Program considers the area to contain Illinois, Indiana, Michigan, Minnesota and Wisconsin. The Association for Institutional Research in the Uppe ...
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