Dairy Farmers Begin Receiving Checks for Dairy MArgin Coverage Program
Friday, July 12th, 2019 -- 8:55 AM
(Wisconsin Ag Connection) -Dairy farmers across the nation began receiving checks under the new Dairy Margin Coverage program this week.According to the National Milk Producers Federation, nearly 10,000 producers signed up for the DMC in the past month, representing more than a quarter of all U.S. dairy operations. The DMC program pays dairy producers when the difference between the all-milk price and the average feed price falls below a dollar amount selected by the producer.
It provides catastrophic coverage at no cost, other than an annual $100 fee that may be waived, and offers higher buy-up coverage. It replaces the Margin Protection Program. Enrollment for the program continues through September 20, with coverage being retroactive to January 1.
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