# 1145.1 Definitions.
(a) *Program* means the dairy forward pricing program as established by Section 1502 of Public Law No. 110-246.
(b) *Eligible milk* means the quantity of milk equal to the contracting handler's Class II, III and IV utilization of producer milk, in product pounds, during the month, combining all plants of a single handler regulated under the same Federal milk marketing order.
(c) *Forward contract* means an agreement covering the terms and conditions for the sale of Class II, III or IV milk from a producer defined in 7 CFR 1001.12, 1005.12, 1006.12, 1007.12, 1030.12, 1032.12, 1033.12, 1051.12, 1124.12, 1126.12, 1131.12 or a cooperative association of producers defined in 7 CFR 1000.18, and a handler defined in 7 CFR 1000.9.
(d) *Contract milk* means the producer milk regulated under a Federal milk marketing order covered by a forward contract.
(e) *Disclosure statement* means the following statement which must be signed by each producer or cooperative representative entering into a forward contract with a handler before the Federal milk marketing order administrator will recognize the contract as satisfying the provisions of this program.
Attachment to § 1145.1, paragraph (e):
****Disclosure Statement
I am voluntarily entering into a forward contract with [insert handler's name]. I have been given a copy of the contract. By signing this form, I understand that I am forfeiting my right to receive the Federal milk marketing order's minimum prices for that portion of the milk which is under contract for the duration of the contract. I also understand that this contract milk will be priced in accordance with the terms and conditions of the contract.
Printed Name:
Signature:
Date:
Address:
Producer Number:
(f) *Other definitions.* The definition of any term in parts 1000-1131 of this chapter apply to, and are hereby made a part of this part, as appropriate.
[73 FR 64871, Oct. 31, 2008, as amended at 89 FR 12950, Feb. 21, 2024]