The former chairman of the House Ag Committee doesn’t think the next farm bill will include a big change to the Dairy Margin Coverage program.
Collin Peterson tells Brownfield he doesn’t expect Congress will approve expanding the Dairy Margin Coverage program past the current $9.50 margin level. “I do not, and I’m not sure it’s a good idea.”
Peterson says when the DMC’s predecessor, the Margin Protection Program was rolled out, economists thought $6.50 above feed costs was the right amount to prevent impacting the market, but that was wrong.
