The U.S. Department of Agriculture (USDA) reminds dairy producers the deadline to enroll in Dairy Margin Coverage (DMC) and the new Supplemental Dairy Margin Coverage (SDMC) for 2022 is March 25, 2022. USDA’s Farm Service Agency (FSA) opened DMC and SDMC signup in December 2021 to help producers manage economic risk brought on by milk price and feed cost disparities. Producers …
Deadline to Enroll in 2022 Dairy Margin Coverage Extended
The U.S. Department of Agriculture (USDA) has extended the deadline to enroll in Dairy Margin Coverage (DMC) and the new Supplemental Dairy Margin Coverage (SDMC) for 2022. ?The new deadline to apply is March 25, 2022. USDA’s Farm Service Agency (FSA) opened DMC and SDMC signup in December 2021 to help producers manage economic risk brought on by milk price and …
NMPF Encouraging DMC Signup
The U.S. Department of Agriculture (USDA) continues to remind dairy producers that signup for the Dairy Margin Coverage (DMC) program runs until Feb. 18, 2022. DMC enables producers to get coverage through this important safety-net program for another year as well as get additional assistance through the new Supplemental DMC. National Milk Producers Federation (NMPF) Senior Vice President of Communications, Alan …
Signup Continues for 2022 Dairy Margin Coverage Program
The U.S. Department of Agriculture (USDA) wants to remind producers that signup for the Dairy Margin Coverage (DMC) program continues until Feb. 18, 2022. DMC enables producers to get coverage through this important safety-net program for another year as well as get additional assistance through the new Supplemental DMC. Supplemental DMC will provide $580 million to better help small- and …
USDA Opens 2022 Sign-up for Dairy Margin Coverage
The U.S. Department of Agriculture (USDA) has opened sign-up for the Dairy Margin Coverage (DMC) program and notes they’ve expanded the program to allow dairy producers to better protect their operations by enrolling supplemental production. Supplemental DMC will help small and mid-sized dairy operations that have increased production over the years but were not able to enroll the additional production. …
Milk Prices below Expectations, Could Go Lower Next Year
Earlier this month, it was announced that the June margin under the Dairy Margin Coverage (DMC) program dropped 65 cents from May’s margin to $6.24/cwt, which will generate a June payment of $3.26/cwt for $9.50/cwt coverage. So dairy operators are getting the benefits of the DMC program this year, and according to a story from Gary Crawford, that may continue in 2022. …
Milk Prices Below Expectations, Could Go Lower Next Year
Earlier this month, it was announced that the June margin under the Dairy Margin Coverage (DMC) program dropped 65 cents from May’s margin to $6.24/cwt, which will generate a June payment of $3.26/cwt for $9.50/cwt coverage. So dairy operators are getting the benefits of the DMC program this year, and according to a story from Gary Crawford that may continue in …
DMC Margin Drops Again in June
The June margin under the Dairy Margin Coverage (DMC) program dropped 65 cents from May’s margin to $6.24/cwt, which will generate a June payment of $3.26/cwt for the $9.50/cwt coverage. The DMC feed cost calculation for June was lower by $0.16/cwt of milk from May, mostly on lower soybean meal prices, while the June U.S. average all-milk price took a …
USDA Programs Designed to Help Various Producers
The U.S. Department of Agriculture (USDA) wants to remind producers the American Rescue Plan includes provisions for USDA to pay up to 120% of loan balances, as of January 1, 2021, for Farm Service Agency (FSA) Direct and Guaranteed Farm Loans and Farm Storage Facility Loans debt relief to any socially disadvantaged producer who has a qualifying loan with FSA. In the …
FSA Administrator: Signup for DMC Ends December 11
The U.S. Department of Agriculture (USDA) reminds dairy producers that the deadline to enroll in Dairy Margin Coverage (DMC) program for calendar year 2021 is just a week away. USDA’s Farm Service Agency (FSA) opened DMC signup in October to help producers manage economic risk brought on by milk price and feed cost disparities. FSA Administrator Richard Fordyce told Southeast AgNet, signup for …