TeachMeFinance.com - explain Classified pricing
Classified pricing The term 'Classified pricing ' as it applies to the area of agriculture can be defined as ' The pricing system of federal milk marketing orders, under which milk processors pay into a pool for fluid grade (Grade A) milk; its value is based on how the milk ultimately is used. Milk used for fluid (Class I) consumption receives a higher price than milk for processed (Class II, Class III, Class IIIa) dairy products'.
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