A few weeks ago, USDA extended the deadline for dairy producers to enroll in the Margin Protection Program (MPP) for Dairy, but that extension deadline is nearing as enrollment must be completed by December 16.
MPP provides financial assistance to participating dairy producers when the margin, or the difference between the price of milk and feed costs, falls below a coverage level selected by the producer.
Those dairy farms that have already signed up for the MPP will remain in the program through 2018, as long as they pay the $100 administrative fee each year. Producers have the option of selecting a different coverage level during open enrollment each year. Those enrolled in the MPP, as of the start of 2015, will receive a 1.3 percent increase in their production history for 2017, reflecting the overall national increase in the nation’s milk supply since last year.
To learn more, contact your county Farm Service Agency office.