The Dairy Margin Coverage (DMC) Program was authorized by the Agriculture Improvement Act of 2018 (2018 Farm Bill). This program replaced the Margin Protection Program for Dairy (MPP-Dairy). Similar to the MPP-Dairy, the DMC program is a voluntary program that provides dairy operations with risk management coverage. DMC makes payments to producers when the difference (the margin) between the national price of milk (all-milk price) and the average cost of feed...