USDA Announces Web-Based Tool to Help Determine Dairy Coverage

A new web-based tool helps dairy producers evaluate various scenarios using different coverage levels through the new Dairy Margin Coverage program.

Announced by Ag Secretary Sonny Perdue Tuesday, the tool was developed by the USDA and the University of Wisconsin.  The tool was designed to help producers determine the level of coverage under a variety of conditions that will provide them with the strongest financial safety net.  It allows farmers to simplify their coverage level selection by combining operation data and other key variables to calculate coverage needs based on price projections.

The Dairy Margin Coverage program, authorized by the 2018 Farm Bill, offers financial protection to dairy producers when the difference between the all milk price and the average feed cost, known as the margin, falls below a certain dollar amount selected by the producer.  The program replaces the Margin Protection Program for Dairy. Sign up for the new program opens on June 17.

Click Here to check out the web-based tool.

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