USDA’s Farm Service Agency (FSA) wants to remind dairy producers that this Friday is the deadline to enroll for 2018 coverage in the Margin Protection Program (MPP-Dairy). The voluntary program provides financial assistance to participating dairy producers when the margin, or the difference between the price of milk and feed costs, falls below the coverage level selected by the producer. MPP-Dairy …
Dairy Producers Reminded of December 15 Deadline
USDA’s Farm Service Agency (FSA) reminds dairy producers that December 15, 2017 is the deadline to enroll for 2018 coverage in the Margin Protection Program (MPP-Dairy). Additional flexibility was added this year which provides dairy producers the option of opting out of the program for 2018. In order to opt out, a producer should not sign up during the annual registration …
Margin Protection Crop Insurance Decision Due
Farmers have until the end of this month to decide if they’d like to take USDA’s new Margin Protection Crop Insurance plan. Known as M-P, the program most closely aligns with the current A-R-P, or Area Revenue Protection, crop insurance plan. University of Illinois Agricultural Economist Gary Schnitkey says while there is difference the one of note is the price …
NMPF Officer, Michigan Cooperative President Highlights Concerns with Dairy Safety Net in Senate Farm Bill Hearing
Congress must revise the dairy safety net program established in the 2014 Farm Bill to provide farmers with effective risk management protection that will increase participation in the program, according to Ken Nobis, president of the Michigan Milk Producers Association (MMPA) and first vice-chair of the National Milk Producers Federation (NMPF), who spoke at a 2018 Farm Bill hearing today. …
March Dairy Market Report
In January, the average U.S. all-milk price reached its highest level since the final month of the 2013-2014 price spike. At $10.54 per hundredweight, the Margin Protection Program (MPP) margin for November–December was the highest in two years. Also in January, dairy exports continued to improve, representing 13 percent of milk solids production, the second highest-ever January percentage after January …