Dairy producers will have an online resource available to them that can assist with decisions related to the new Dairy Margin Coverage (DMC) program. The web-based tool was developed through a collaboration with the University of Wisconsin and was announced by the U.S. Department of Agriculture (USDA) on April 30. The new resource helps producers with evaluating total premium costs …
First 2019 Dairy Safety Net Payment Triggered
Enrollment Expected to Begin this Summer The U.S. Department of Agriculture’s Farm Service Agency (FSA) announced this week that the January 2019 income over feed cost margin was $7.99 per hundredweight, triggering the first payment for eligible dairy producers who purchase the appropriate level of coverage under the new but yet-to-be established Dairy Margin Coverage (DMC) program. DMC, which replaces …
New Dairy Support Program Awaits USDA Approval
Times have been tough in the American dairy industry. Overproduction has led to a lot of supply, which has pushed down beyond the break-even point. There have been some dairy support programs, including the most recent Margin Protection Program. However, the program is flawed, with farmers and farm-state legislators calling for changes. Marin Bozic, Assistant Professor with the University of …