DMC

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 ...

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 Administrator Richard Fordyce. “Nobody would have ima ...

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 ...

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 ...

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.  ...

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...

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...

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...

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.” ...

USDA Undersecretary for Farm Production and Conservation Bill Northey said more than 5,000 dairy operations have signed up for the new Dairy Margin Coverage Program. The exact number was 5,364 as of last Thursday afternoon. Northey said about 40,000 dairy operations are eligible to enroll, but overall he’s pleased with the number of producers who’ve signed up since June 17.   Th...