The National Milk Producers Federation is urging farmers to take advantage of a one-week extension in the Dairy Margin Coverage (DMC) program signup deadline to Sept. 27, announced by USDA.
“Dairy farmers have much to gain by signing up for this program, and another week to take advantage of this benefit can be nothing but helpful for them,” said Jim Mulhern, president and CEO of NMPF. “We urge producers to take advantage of this added opportunity to sign up.”
The USDA said more than 21,000 dairy farms have signed up for the new program, the main risk-protection tool for dairy farmers enacted in the 2018 Farm Bill, nearing the level that participated last year in the Margin Protection Program, which DMC replaced. DMC is guaranteed to pay all producers enrolled at the maximum $9.50/cwt. coverage level for every month of production through July, according to USDA data. DMC improvements from the MPP include:
• Affordable higher coverage levels that permit all dairy producers to insure margins up to $9.50/cwt.… Continue reading