USDA announced that the August milk margin did trigger the eighth consecutive payment for dairy producers who obtained Dairy Margin Coverage (DMC) for 2023. That month, the income over feed margin was $6.46 per hundredweight with projected DMC payments totaling $120 million. So to date, dairy producers have received more than $1.2 billion in much needed economic support for 2023 and margin …
USDA Payments to Help Organic Dairy Producers
The USDA has announced a second round of payments for dairy producers through the Organic Dairy Marketing Assistance Program (ODMAP). The agency is providing an additional $5 million to help dairy producers mitigate market volatility, higher input and transportation costs, and unstable feed supply and prices that have created unique hardships in the organic dairy industry. The Farm Service Agency …