A bill to provide price support for milk at not less than 85 percent of the parity price therefor.

Provides price support for milk, under the Agricultural Act of 1949, at not less than 85 percent of the parity price therefor, beginning on the date of enactment and ending on March 31, 1976.

Directs the Secretary of Agriculture to adjust the parity price of milk at the beginning of each quarter to reflect changes in the prices paid by dairy farmers for production items, interest, taxes and wages in the preceding quarter.