A bill to repeal the minimum adjustments to prices of fluid milk under Federal marketing orders and to require the Secretary of Agriculture to submit a proposal to establish basing points in various geographical areas of the United States for purposes of determining prices to be paid to milk producers under such orders.

[AI summary unavailable — showing source text] Amends the Agricultural Adjustment Act, as amended by the Agricultural Marketing Agreement Act of 1937, to: (1) repeal the existing minimum price adjustments of fluid milk under Federal marketing orders; and (2) direct the Secretary of Agriculture to submit a proposal to the House of Representatives and the Senate to establish geographic basing points for purposes of determining prices to be paid to milk producers under such orders.…