The U.S. Department of Agriculture (USDA) wants to remind dairy producers who elected to participate in the Livestock Gross Margin for Dairy Cattle Program (LGM-Dairy) have the opportunity to participate in the Margin Protection Program for Dairy (MPP-Dairy) for 2018 coverage.
The MPP-Dairy program offers protection to dairy producers when the difference between the national all-milk price and the national average feed cost falls below a certain dollar amount selected by the producers in a dairy operation. LGM-Dairy is an insurance product that provides protection when feed costs rise or milk prices drop.
But this retroactive sign-up is only for dairy producers with 2018 LGM coverage who produced and commercially marketed milk in 2018 but did not obtain full year MPP-Dairy coverage.
Eligible producers are encouraged to enroll by May 10th at their local USDA service center.