The U.S. Department of Agriculture will begin accepting applications for the Dairy Margin Coverage program on October 13 for 2021 enrollment.
USDA Under Secretary Bill Northey made the announcement during a stop in Wisconsin on Thursday.
“This year has been a market roller coaster for the dairy industry, and the Dairy Margin Coverage program is a valuable tool dairy producers can use to manage risk,” Northey said. “We were excited to roll out this new and improved program through the 2018 Farm Bill, and if you haven’t enrolled in previous years, we highly encourage you to check it out.”
Signup for the DMC runs through December 11 at the Farm Service Agency. The program a voluntary risk management tool that offers protection to dairy producers when the difference between the all-milk price and the average feed price falls below a certain dollar amount selected by the producer.
The FSA says DMC payments triggered for seven months in 2019 and three months so far in 2020. More than 23,000 operations enrolled in the program in 2019, but sign-ups were much less for the 2020 coverage period.
Source: Wisconsin Ag Connection