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 until Friday to participate in the Margin Protection Program for Dairy (MPP-Dairy) for 2018 coverage.
The MPP-Dairy program offers protection to producers when the difference between the national all-milk price and the national average feed cost falls below the dollar amount selected by the producer for their 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. FSA will provide a one-time payment for all of the months in 2018 that had margins triggering MPP-Dairy assistance.
Sign-up runs through May 10, 2019 and eligible producers can enroll at their local USDA service center.