With a looming enrollment deadline of Friday, Sept. 20, fewer producers than anticipated have opted to enroll in Dairy Margin Coverage, the 2018 farm bill’s improved replacement for the Margin Protection Program. USDA is working diligently to communicate the deadline and potential benefits of participating in the program to the approximately 50% of the nation’s dairy producers who have yet to sign up. Additionally, USDA has developed a decision aid tool to help producers understand the program and determine the best coverage options.
At this point, if a producer were to enroll and cover 5 million pounds of milk at $9.50 coverage, the 2019 payments would be well above the premium. For more, please click here
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