Articles tagged under: Dairy Margin Coverage
Adjustments Sought in DMC Calculation
Published March 29, 2024
USDA’s Dairy Margin Coverage triggers a payment for participating farmers when the difference between the all-milk price and the average feed price falls below a certain level. DMC was triggered in 11 of the 12 months in 2023. Associated Milk…DMC Enrollment Begins This Week
Published February 26, 2024
Enrollment begins Wednesday for the Dairy Margin Coverage safety net program. This USDA program compensates dairy farmers to offset milk and feed price differences. Rules have been changed to allow eligible dairy farms to make a one-time adjustment to their…Lawmakers Urges USDA to Open DMC Signup
Published January 18, 2024
A group of nine House Republicans, led by Minnesota Congressman Brad Finstad, is asking USDA to quickly open enrollment for the 2024 Dairy Margin Coverage program. In a letter to Agriculture Secretary Tom Vilsack and FSA Administrator Zach Ducheneaux, the…DMC Payment Triggered Again
Published October 2, 2023
The August milk margin triggered the eighth consecutive payment for dairy farmers with Dairy Margin Coverage for the 2023 program year. The August income over feed margin is $6.46 per hundredweight with DMC payments expected to total $120 millionUSDA Extends Dairy Margin Coverage Sign-Up
Published February 8, 2022
The USDA extended the deadline for farmers to enroll in the 2022 Dairy Margin Coverage and Supplemental Dairy Margin Coverage program. The deadline is extended to March 25. Farmers can apply through their local Farm Service Agency office.DMC Enrollment Deadline is Friday
Published December 7, 2020
USDA Farm Service Agency Administrator Richard Fordyce is urging farmers to sign up for the Dairy Margin Coverage program before the application deadline closes this Friday, December 11. Over 7,800 dairy producers had signed up by the end of November.…2021 Dairy Margin Coverage Sign-Up Underway
Published October 16, 2020
The National Milk Producers Federation is encouraging dairy farmers sign up for maximum coverage under the 2021 Dairy Margin Coverage program. Program sign-up is now open. COVID-19 related volatility is expected to continue well into next year and DMC payments…DMC Enrollment Begins Tuesday
Published October 9, 2020
Signup for the Dairy Margin Coverage program begins Tuesday. Farm Service Agency Administrator Richard Fordyce said 13,000 dairy farmers signed up for the 2020 program. "It wasn't as high as we had in 2019; we do believe it is a…DMC Payments Triggered
Published May 21, 2020
Payments under the Dairy Margin Coverage program have been triggered for the first time this year. The March income over feed cost margin was at a level to kick in the risk management program. With current projections, the DMC payment…