Milk.

(1) Existing law confers upon the Secretary of Food and Agriculture the ability to establish and administer the Milk Producers Security Trust Fund to reimburse milk producers for milk that is shipped to a handler when the handler defaults on payment. Existing law authorizes the secretary to maintain the fund by collecting a security charge on covered milk, as defined, from handlers, and, if the value of a handler's monthly milk purchases, as adjusted, exceeds a specified amount, requires a handler to provide an acceptable security, as defined, to the secretary. Existing law requires a transaction to meet certain criteria in order to be covered by the fund, and specifies the amount of…