A bill to provide reasonable price enhancement to milk producers, greater milk price stability, and minimum income protection to milk producers, to establish certain minimum standards regarding milk solids, and for other purposes.

Amends the Agricultural Act of 1949 to increase milk price support levels. Provides for price increase or decrease adjustments based upon production costs.

Establishes an Industry Marketing Board to advise the Secretary of Agriculture with respect to domestic milk surplus reduction programs.

Establishes a two-tiered milk price support program with full price supports for necessary marketings and lower price supports for surplus marketings.

Sets forth minimum milk solid contents for whole, lowfat, and skim milk.