Dairy Safety Net Enrollment Ends on December 11

The USDA is reminding dairy producers that the deadline to enroll in the Dairy Margin Coverage program for the calendar year 2021 is quickly approaching on December 11. The USDA’s FSA opened DMC signup back in October to help producers manage economic risk brought on by milk price and feed cost disparities. “2020 has been […]

DMC Enrollment Begins Tuesday

Enrollment for the Dairy Margin Coverage Program opens Tuesday and runs through December 11th. The DMC, is a voluntary risk management program that offers dairy producers protection when the difference between the all-milk price and the average feed price, the margin, falls below a certain dollar amount selected by the producer. DMC payments triggered for […]

May Margin Triggers Dairy Margin Coverage Program Payment

On Wednesday, FSA announced the May 2020 income over feed cost margin triggered the third payment in 2020 of the Dairy Margin Coverage program. In May, the income over feed cost margin was $5.37 cwt. To date, FSA has issued more than $176 million in benefits to dairy producers who purchased DMC coverage for 2020. […]

Dairy Safety Net Signup Begins October 12

The FSA says safety-net signup for 2021 Dairy Margin Coverage begins on October 12th and runs through December 11th of this year. DMC has already triggered payments for two months for those producers who signed up for 2020 coverage. “If we’ve learned anything in the past six months, it’s to expect the unexpected,” says FSA […]

USDA Expects Dairy Output To Increase

More dairy cows and more like per cow than a year ago. That adds up to U.S. production up 1.4% from April a year ago. “We expect production to continue to increase in to 2021,” said USDA Outlook Chairman Mark Jekanowski. He added the dairy herd in April was slightly smaller than March, still 0.5% […]

Less than Half of U.S. Dairy Farms Signed up for DMC

Fewer dairy farmers chose to opt into the Dairy Margin Coverage Program authorized in the 2018 Farm Bill. At the beginning of this year, the forecast was for an improving dairy economy and the USDA prediction tool that showed either low or no DMC payments this year. However, the rapidly-evolving situation brought on by the […]

DMC Payments Top $300 Million

More than 22,000 dairy farmers enrolled in the new Dairy Margin Coverage program, paying out more than $300 million this year.  The National Milk Producers Federation said none of the assistance would have occurred under the old Margin Protection Program.   The DMC Program replaced MPP in the 2018 Farm Bill.  Monthly milk price/feed cost […]

Does Sign Up Delay Impact DMC Coverage?

After a one week extension, dairy producers are facing a signup deadline again.  Sign up for this year’s Dairy Margin Coverage is due Friday, September 27th.  However, enrollment for 2020, was originally scheduled to begin in October 7th.  So will the one week extension of DMC sign up delay the start of 2020 coverage?   […]

DMC Deadline Approaching

Dairy producers a reminder from the FSA’s Steve Peterson.   “September the 20th is the deadline to apply for the Dairy Margin Coverage program for the 2019 year.”   The 2018 Farm Bill safety net program for dairy farmers includes a 25% premium discount to lock in coverage discounts until 2023.  And for producers still […]