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Agricultural Marketing Act of 1946

A federal law that sets rules for how agricultural products, including dairy, are marketed and sold in the United States, aiming to promote fair trade and provide information to farmers and the public.

Mandatory Reporting

A legal requirement for certain individuals or businesses to provide specific information to a government agency, usually on a regular basis.

Production Cost

All the expenses involved in making a product, including raw materials, labor, energy, and overhead.

Product Yield

The amount of finished product obtained from a given quantity of raw materials or ingredients. For example, how many pounds of cheese are made from a certain amount of milk.

Secretary (of Agriculture)

The head of the United States Department of Agriculture (USDA), a cabinet-level position responsible for federal policy on farming, food, and rural development.

Manufacturer

A company or person that makes goods for sale, in this case, a company that processes raw milk into dairy products like cheese, butter, or yogurt.