Some dairy farmers who signed up for a new risk-management program will get a second payout, according to the U.S. Department of Agriculture. The second payment was triggered by market conditions in February 2019, when the income-over-feed cost margin was $8.22 per hundredweight of milk. Conditions in January qualified producers for the first payment.
The Dairy Margin Coverage program, established by the 2018 Farm Bill, replaced the old Margin Protection Program. It's a voluntary program that helps protect dairy producers when the difference between the average price and the average feed cost falls below a certain amount chosen by the producer. Dairy producers who select DMC coverage level of between $8.50 and $9.50 will be eligible for a payment for February 2019.
DMC signups will open by mid-June. Click here to find out more about the program.
The Dairy Margin Coverage program, established by the 2018 Farm Bill, replaced the old Margin Protection Program. It's a voluntary program that helps protect dairy producers when the difference between the average price and the average feed cost falls below a certain amount chosen by the producer. Dairy producers who select DMC coverage level of between $8.50 and $9.50 will be eligible for a payment for February 2019.
DMC signups will open by mid-June. Click here to find out more about the program.
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