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.

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.