A basing point is a geographical site used to establish minimum fluid milk prices for federal milk marketing orders. Generally, minimum fluid farm milk prices increase according to the distance from the basing point. When federal milk marketing orders began in the 1930s, Eau Claire, Wisconsin was viewed as the principal surplus milk production reg...
Found on
http://en.wikipedia.org/wiki/Basing_point
A geographical site used to establish fixed rates and/or prices for federal milk marketing orders. G
Found on
http://www.encyclo.co.uk/local/22399
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