We told you earlier this week the signup deadline for the 2023 Dairy Margin Coverage (DMC) Program is this Friday, December 9th.
National Milk Producers Federation (NMPF) Senior Vice President Chris Galen says the program is a valuable risk-management tool for dairy farmers.
Galen also reminds producers about the new Supplemental DMC program.
Last year, supplemental DMC provided $42.8 million in payments to better help small- and mid-sized dairy operations that had increased production over the years but were not able to enroll the additional production. Supplemental DMC coverage is applicable to calendar years 2021, 2022 and 2023.
Galen said “As we head into 2023, we know that milk prices aren’t going to be as strong. We know that input costs are still going to be significant.”
For more information, contact your local?USDA Service Center.