7 CFR §984.48

1. (a)Each marketing year the Board shall hold a meeting, prior to October 20, for the purpose of recommending to the Secretary a marketing policy for such year. Each year such recommendation shall be adopted by the affirmative vote of at least 60% of the Board and shall include the following:
   1. (1)Its estimate of the orchard-run production in the area of production for the marketing year;
   2. (2)The Board's estimate of the handler inventory on September 1 of inshell and shelled walnuts;
   3. (3)Its estimate of the walnuts in the production;
   4. (4)The Board's estimate of the trade demand for such marketing year for shelled and inshell walnuts, taking into consideration trade inventory, imports, prices, competing nut supplies, and other factors;
   5. (5)The Board's recommendation for desirable handler inventory of inshell and shelled walnuts on August 31 of each marketing year;
   6. (6)Its opinion as to whether grower prices are likely to exceed parity; and
   7. (7)Its recommendation for change, if any, in grade and size regulations.
2. (b)[Reserved]