A news release today from USDA stated that, “Agriculture Secretary Sonny Perdue announced today the availability of a new web-based tool – developed in partnership with the University of Wisconsin – to help dairy producers evaluate various scenarios using different coverage levels through the new Dairy Margin Coverage (DMC) program.
“The 2018 Farm Bill authorized DMC, a voluntary risk management program that offers financial 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. It replaces the program previously known as the Margin Protection Program for Dairy. Sign up for this USDA Farm Service Agency (FSA) program opens on June 17.
“‘With sign-up for the DMC program just weeks away, we encourage producers to use this new support tool to help make decisions on participation in the program,’ Secretary Perdue said. ‘Dairy producers have faced tough challenges over the years, but the DMC program should help producers better weather the ups and downs in the industry.'”
Today’s update added that, “For more information, access the tool at fsa.usda.gov/dmc-tool. For DMC sign up, eligibility and related program information, visit fsa.usda.gov or contact your local USDA Service Center. To locate your local FSA office, visit farmers.gov/service-locator.
