Dairy industry members and supporters are looking for ways to improve and build upon the Margin Protection Program (MPP) as a risk management tool. Rod Bain reports.
Don’t Let the Tail Wag the Dog
by Jim Mulhern, President, CEO National Milk Producers Federation If experience is the best teacher, Congress should have learned an important lesson from the experience with the dairy Margin Protection Program during the past two years: letting policy be dictated by an inaccurate Congressional Budget Office computer model that attempts to predict costs of a proposed program 10 years into …