Michigan § 290.720 - Joint settlement committee; decision; basis.
Full text of Michigan Michigan Compiled Laws § 290.720 — Joint settlement committee; decision; basis., with citation guidance and answers to common questions.
§ 290.720. Joint settlement committee; decision; basis.
The joint settlement 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 producer's 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.
Frequently Asked Questions About Michigan § 290.720
What does Michigan Compiled Laws § 290.720 cover?
Section 290.720 ("Joint settlement committee; decision; basis.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 290.720?
A common citation format is "Michigan Compiled Laws § 290.720" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 290.720 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.