It was about a month ago that Congress approved some important changes to dairy’s safety net. Some of the crucial improvements to the Margin Protection Program (MPP) include raising the catastrophic coverage level, adjusting the first tier of covered production, reducing premiums, and modifying the margin calculation on a monthly basis.
USDA chief economist Rob Johansson is directly involved in taking the next steps in rolling out the revised MPP. He updated the National Milk Producers Federation board of directors at this week’s meeting, and Chris Galen tells us what he said:
