USDA Undersecretary Bill Northey says about 5,300 producers
that have certified production during the first 10 days of sign up for the
Dairy Margin Coverage Program.
Almost all producers are choosing the highest coverage
level of $9.50 for their first five million pounds of milk and then the lower cost
coverage level of $4.
“We’re seeing the large dairy states being where the signup is happening: Wisconsin, New York, Pennsylvania, Minnesota, and Michigan.”
The signup is open till the end of September and retroactive
to January. Northey says farmers who sign
up for the $9.50 margin level will receive payments to cover the cost of the
program.
Continue reading Northey provides update on DMC at Brownfield Ag News.
