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, and where applicable, on a kernelweight basis:
Its estimate of the orchard-run production in the area of production for the marketing year;
The Board's estimate of the handler inventory on September 1 of inshell and shelled walnuts;
Its estimate of the merchantable and substandard walnuts in the production;
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;
The Board's recommendation for desirable handler inventory of inshell and shelled walnuts on August 31 of each marketing year;
Its recommendation as to the free and reserve percentages to be established for walnuts;
Its recommendation of the percentage of reserve walnuts that may be exported pursuant to § 984.56, when it determines that the quantity of reserve walnuts that may be exported should be limited;
Its opinion as to whether grower prices are likely to exceed parity; and
Its recommendation for change, if any, in grade and size regulations.
[Reserved]
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