Dairy Producers Get More Time to Enroll in DMC Program
USAgNet - 09/20/2019
The U.S. Department of Agriculture announced on Thursday that it is extending the deadline for dairy producers to enroll in the Dairy Margin Coverage program for the coming year. Producers now have until September 27 to sign-up for coverage--which is a
one week extension of the original deadline of September 20.
Authorized by the 2018 Farm Bill, the the program offers protection to dairy producers when the difference between the all-milk price and the average feed cost falls below a certain dollar amount selected by the producer.
"More than 21,200 dairy operations have already signed up for DMC, but we're providing an additional week to help ensure interested producers have time to come into the office," said USDA Under Secretary Bill Northey. "With smaller margins and increased
feed costs, DMC has resulted in almost $230 million in payments disbursed. I know that some farmers may still be cautious given their experiences with former dairy support programs, but producers who have not signed up yet should come into a local office to
learn how much money the program can put into their pockets."
Nearly half of the producers who have signed up so far are taking advantage of the 25 percent premium discount by locking in for five years of margin protection coverage through the Farm Service Agency.
For more information, visit farmers.gov DMC webpage or contact your local USDA service center.