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Notes:


MILC defines “catastrophic” by Class III milk prices only

2008 = $0 MILC payments because of high milk price

Look at 2002, 2003, 2006 average margins were lower than in 2008, but producers received large MILC payments

DPMPP defines “catastrophic” as average price margin below $4.00/CWT

MILC not proportionate to the catastrophe that struck the industry in 2009