Wednesday, the House Agriculture Committee held a hearing to review current dairy policy and explore options to make it more effective for farmers. During that meeting, a dairy industry leader said he believes dairy producers going forward should have both a safety net and commodity insurance options in their risk management toolbox. Rod Bain has the first part of the story.
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Jim Mulhern, with the National Milk Producers Federation, explains the history behind creation of the dairy Margin Protection Program (MPP) and how it created a risk management tool for producers.