Section 62062 Of Article 9. Establishment Of Minimum Prices And Provisions Of Stabilization And Marketing Plans From California Food And Agricultural Code >> Division 21. >> Part 3. >> Chapter 2. >> Article 9.
62062
. Each stabilization and marketing plan shall contain
provisions whereby the director establishes minimum prices to be paid
by handlers to producers for market milk in the various classes. The
director shall establish the prices by designating them in the plan,
or by adopting methods or formulas in the plan whereby the prices
can be determined, or any combination of the foregoing. If the
director directly designates prices in the plan, the prices shall be
in reasonable and sound economic relationship with the national value
of manufactured milk products. If the director adopts methods or
formulas in the plan for designation of prices, the methods or
formulas shall be reasonably calculated to result in prices that are
in a reasonable and sound economic relationship with the national
value of manufactured milk products.
In establishing the prices, the director shall take into
consideration any relevant economic factors, including, but not
limited to, the following:
(a) The reasonableness and economic soundness of market milk
prices for all classes, giving consideration to the combined income
from those class prices, in relation to the cost of producing and
marketing market milk for all purposes, including manufacturing
purposes. In determining the costs, the director shall consider the
cost of management and a reasonable return on necessary capital
investment.
(b) That prices established pursuant to this section shall insure
an adequate and continuous supply, in relation to demand, of pure,
fresh, wholesome market milk for all purposes, including
manufacturing purposes, at prices to consumers which, when considered
with relevant economic criteria, are fair and reasonable.
(c) That prices, including the prices of components of milk,
established by the director for the various classes of market milk
bear a reasonable and sound economic relationship to each other.
In establishing the prices, the director shall also take into
consideration all the purposes, policies, and standards contained in
Sections 61801, 61802, 61805, 61806, 61807, 62076, and 62077.