What is the new rule CWT has adopted regarding the herd retirement?
CWT will pay successful bidders in two installments: 90% when CWT receives verification that all dry and milking cows have gone to slaughter and, at the end of the 12-month waiting period, the remaining 10% (plus interest) if neither the producer nor the dairy premises (whether owned by the producer or leased) have been involved in the production and marketing of milk during that period. This was done to provide an incentive for successful herd retirement bidders and the premises on which they produce milk to stay out of marketing milk for at least the 12 months following completion of the CWT farm audit.
