What happens after the producer submits his or her bid?
All bids mailed go directly to an independent accounting firm which tabulates and arranges the bids from lowest to highest. After the bidding period closes, the accounting firm meets with CWT staff and each bid is evaluated to ensure that it will result in an appropriate amount of milk production being removed from the system. The herd being offered for retirement is evaluated for month-to-month consistency in milk production as well as consistency from the beginning of the twelve month period to the end of the twelve months. After CWT staff selects successful bids, all applicable information is provided to the CWT farm auditors who will visit the dairy farms. Producers are notified that their bids have been selected just prior to the auditor’s visit. At the farm, the auditor checks current milk production against the milk production records from the producer’s plant that was provided with the Herd Retirement bid. The farm auditor also counts the number of milking and dry cows and requ
All bids mailed go directly to an independent accounting firm which tabulates and arranges the bids from lowest to highest. After the bidding period closes, the auditor meets with CWT staff and each bid is evaluated to ensure that it will result in an appropriate amount of milk production being removed from the system. The herd being offered for retirement is evaluated for month-to-month consistency in milk production as well as consistency from the beginning of the twelve month period to the end of the twelve months. After CWT staff selects successful bids, all applicable information is provided to the CWT farm auditors who will visit the dairy farms. Producers are notified that their bids have been selected just prior to the auditor’s visit. At the farm, the auditor checks current milk production against the milk production records from the producer’s plant that was provided with the Herd Retirement bid. The farm auditor also counts the number of milking and dry cows and requires ver
