USDA has once again extended the deadline for the dairy Margin Protection Program. Dairy producers now have until December 19th to sign up for the program. Vilsack said “this safety net is not automatic.” The program, established by the 2014 Farm Bill, protects participating dairy producers when the margin – the difference between the price of milk and feed costs – falls below levels of protection selected by the applicant. But in order to be covered, producers must sign up for the coverage.
Farmers also have a chance to share comments and help shape the Margin Protection Program for the future. Comments can be made online at regulations dot gov. (www.regulations.gov) Comments must be submitted by December 15th.
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