More than 10,000 dairy producers have enrolled in the new Margin Protection Program, a safety net that already guarantees retroactive payments for those that enrolled in $8.00 coverage or less. Producers have until June 1, 2018, to enroll.
USDA reported the April national average margin at $6.62, which guarantees payments for producers enrolled at the $8, $7.50 and $7 coverage levels. Producers are also guaranteed payments in January and February. The USDA’s Farm Service Agency (FSA) produced a fact sheet explaining changes to the program’s coverage levels and premiums and offers an online MPP-Dairy Decision Tool to estimate potential costs and payments. Chris Galen with the National Milk Producers Federation joined us on Dairy Radio Now to tell us more: