TeachMeFinance.com - explain Southern Dairy Compact
Southern Dairy Compact The term 'Southern Dairy Compact ' as it applies to the area of agriculture can be defined as ' An agreement among Southern U.S. states that would allow member states to jointly establish a minimum farm price for fluid milk that is above the federally mandated minimum price level in the region. The Southern compact (as of January 1999) is not yet operational. Several Southern state legislatures have approved state membership in the compact. Congressional authority to form a compact is required and is pending as of early 1999'.
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