News

DMC pays at least twice for some

Dairy farmers who enroll in the new Dairy Margin Coverage Program for 2019 will have at least two program payments if they choose $8.50 or higher coverage.

Steve Peterson with the Farm Service Agency says the maximum coverage level has increased from $8 to $9.50 which means February’s $8.22 margin will active payments to some producers.

“If you have elected a coverage level of $8.50 or higher, technically you would be able to receive some assistance for that February margin.”         

January’s income-over-feed-cost margin was $7.99 which will also active payments.

Signup and program implementation is expected to start in mid-June and will be retroactive to the first of the year.

USDA’s Risk Management Agency (RMA) has also announced several enhancements to the Dairy Revenue Program and the Livestock Gross Margin Program which will take effect in July.  Producers will be able to sign up for multiple risk management programs with the updates.