Excerpts from the report: To provide an incentive for fall production of milk and to ease the spring surplus problem, the Falls Cities Cooperative Milk Producers’ Association, at a public hearing in June 1943, proposed that certain changes be made in the pricing and paying provisions of Federal Milk Marketing Order No. 46. These special provisions for the accumulation of a reserve fund in the spring and for payments out of the fund in the fall constitute the "Louisville Fall Premium Plan.” This new method of seasonal pricing now (August 1953) has been in effect in Louisville for 9 full years. The chief purpose of this report is to show how the fall premium plan operates, and to analyze the seasonal pattern of production in the Louisville area since its inauguration in the spring of 1944. The analysis is based primarily on records that were kept in administering Federal Milk Marketing Order No. 46.