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TeachMeFinance.com - explain Multiple basing points Multiple basing points The term 'Multiple basing points ' as it applies to the area of agriculture can be defined as ' A method of regional pricing in milk marketing orders that would allow more than one basing point, or 'surplus area,' to be used. Surplus areas are administratively defined as areas with low Class I utilization, meaning that a relatively small percentage of the milk produced in an area is used in that area as Class I (fluid) milk. In a multiple basing point system, the order used as the basing point has the smallest Class I differential (the difference between the Class I price and the Class III price). The Class I differential for other orders is then based on transportation costs to the nearest basing point plus the minimum differential'. Previous 5 Terms: Multi-Employer Plan Multilateral agreement Multilateral trade negotiations (MTN) multi-line graph Multiple arch dam Next 5 Terms: Multiple completionwell Multiple component pricing Multiple cropping Multiple Doppler Analysis Multiple Employer Plan About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.