Secretary Perdue Announces New Dairy Margin Coverage Signup Begins June 17th
Published on June 17, 2019 in dairy farmers, Dairy Margin Coverage, dairy safety net, Farm Service Agency, FSA, Margin Protection Program, USDA
U.S. Secretary of Agriculture Sonny Perdue announced on June 13th that signup begins June 17th for the new Dairy Margin Coverage (DMC) program, the cornerstone program of the dairy safety net that helps dairy producers manage the volatility of milk and feed prices, operated by the U.S. Department of Agriculture’s Farm Service Agency (FSA).
The 2018 Farm Bill allowed USDA to construct the new DMC, which replaces the Margin Protection Program for Dairy (MPP-Dairy). This new program offers protection to dairy producers when the difference between the all-milk price and the average feed cost (the margin) falls below a certain dollar amount selected by the producer.
