We told you earlier this week that signup for USDA’s Dairy Margin Coverage (DMC) program for 2023 is underway. And with rising costs eroding dairy margins despite high farm milk prices, the National Milk Producers Federation (NMPF) is urging farmers to sign up for maximum 2023 coverage under the program.
DMC is designed to promote stable revenues and protect against financial catastrophe for small and medium-sized producers. It’s part of a suite of federally backed risk-management tools, including the Dairy Revenue Protection (DRP) program and the Livestock Gross Margin for Dairy Producers.
DMC signup runs until Dec. 7.