With the signup deadline for the Dairy Margin Coverage program quickly approaching on September 20th, the National Milk Producers Federation is urging all dairy farmers to enroll in the program.
The program is guaranteed to pay all producers enrolled at the maximum $9.50 per-hundred-weight coverage level for at least every month of production this year through July, according to USDA data.
The latest enrollment numbers indicate that 68% of dairy operations with an established production history have enrolled so far for this year.
This represents more than 18,000 producers nationwide.
Jim Mulhern, NMPF President and CEO, says the program “offers better support for dairy farmers than its predecessor,” and is “worthwhile for every farmer.”
The Dairy Margin Coverage program replaced the Margin Protection Program for dairy.
NMPF says the new program offers a more robust safety net for dairy producers of all sizes.
NMPF has a resource page on its website, www.nmpf.org, to help farmers sign up for the program.