Dairy producers are being reminded they can enroll now in the Dairy Margin Coverage (DMC) program for calendar year 2020.
The DMC program offers reasonably priced protection to producers when the difference between the all-milk price and the average feed cost (the margin) falls below a certain dollar amount selected by the producer. Dairy farmers earned more than $300 million dollars from the program in 2019 so far. Producers are encouraged to take advantage of this very important risk management tool for 2020.
All producers who want 2020 coverage are required to visit their local Farm Service Agency office during the signup period to pay the annual administrative fee. The deadline to enroll in DMC for 2020 is Dec. 13, 2019.