USDA Reminding Dairy Producers of Changes to DMC

USDA Undersecretary Bill Northey said there are several changes under the new Dairy Margin Coverage Program that producers need to be mindful of, “this deceased the premium this added to that mount of margin that was available. the previous program had an eight dollar margin availability this program as a nine dollar fifty cent availability.”

Northy added the new DMC also has more flexibility for bigger producers who can insure the first up to 500 million pounds of their production.  He noted in the previous round, there was a disincentive for those larger operations.  Northy added the sign-up period is underway now, and runs through September 20^th.

“We have about 5,300 producers that have certified their production in the dairy margin coverage program. I believe last year our margin protective program we had about 21 thousand over 21 thousand producers that participated.”

Click Here  to learn more about the Dairy Margin Coverage Program.

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