Section 290.720 - Basis for committee's decision.
AGRICULTURAL MARKETING AND BARGAINING ACT (EXCERPT)
Act 344 of 1972
290.720 Basis for committee's decision.
Sec. 20.
The committee shall base its decision upon the following factors:
(a) Prices or projected prices for the agricultural commodity paid by competing handlers in the market area or competing market areas.
(b) Amount of the commodity produced or projections of production in the production area or competing marketing areas.
(c) Relationship between the quantity produced and the quantity handled by the handler.
(d) The producers cost of production including the cost which would be involved in paying farm labor a fair wage rate.
(e) The average consumer prices for goods and services, commonly known as the cost of living.
(f) The impact of the award on the competitive position of the handler in the marketing area or competing areas.
(g) The impact of the award on the competitive position of the agricultural commodity in relationship to competing commodities.
(h) A fair return on investment.
(i) Kind, quality or grade of the commodity involved.
(j) Stipulation of the parties.
(k) Such other factors which are normally or traditionally taken into consideration in determining prices, quality, quantity and the costs of other services involved.
History: 1972, Act 344, Eff. Mar. 30, 1973