The Dairy Margin Coverage (DMC) calculators have been nonstop in 2023. In July, the DMC hit its lowest level since the program began in 2019. Zach Myers with MVMP provides an update on the program's overall snapshot.
Producers have been wired to head to the mailbox this calendar year, as DMC payments have been triggered due to a stretch of low milk income. As expected, another round of DMC payments will hit producer’s mailboxes soon.
Alyssa Badger with HighGround Dairy shares that producers have felt the whiplash milk prices have delivered, swinging from record highs last spring to extreme lows this summer which was caused by a combination of events.
Bad times don’t last forever. Neither do good days. The mood of the industry quickly changed from an upbeat tone in 2022 to a sad melancholy note this summer.
As predicted, a very large Dairy Margin Coverage (DMC) payment is coming to producer’s mailboxes. In fact, June’s DMC income over feed cost calculation set a new record low at just $3.65/cwt.
The 2018 farm bill was stamped with a $428 billion price tag when the bill was passed. With the bill set to expire on Sept. 30, here's what NMPF is lining up for the 2023 farm bill negotiating table.
The current Farm Bill is due to expire in 2023. While that may still seem a long way away, unity in the dairy industry to create a 500-foot view will be essential to spell success for dairy with the next Farm Bill.
With so much uncertainty swirling on both the income and cost sides of the ledger, Phil Plourd with ever.ag says that's a reason to be proactive about risk management, not complacent.
Two dairy producers on opposite sides of the country talk about the challenges that face them, how technology will play a role in the future and what excites them about the future of dairy.
U.S. Deputy Secretary of Agriculture Steve Censky urged dairy farmers to register for the improved program at the Ag Outlook Forum on Sept. 23 in Kansas City, Mo.
The USDA’s Farm Service Agency (FSA) announced that producers who had coverage through MPP-Dairy are eligible to receive a repayment for part of the premiums paid into the program.
A new federal program to help hard-pressed dairy farmers is expected to be ready for enrollment in June 2019, as farmers undergo their fifth year of low milk prices that have driven thousands out of business.
A new federal program to help hard-pressed dairy farmers is expected to be ready for enrollment in June 2019, as farmers undergo their fifth year of low milk prices that have driven thousands out of business.
Dairy farmers have a stronger safety net against low milk prices and high feed costs under the new federal farm bill, and more federal dollars will be spent to spur international trade of American agricultural products.
Sen. Kristen Gillibrand is imploring fellow New Yorker and President Donald Trump to only support Farm Bill legislation that aids dairy farmers by refunding Dairy Margin Protection Program payments.
A new dairy revenue protection (DRP) program launched this year. U.S. Farm Report sat down with one of the program of the creator to see how the program works and how it differs from MPP.
'Proprietary handlers establishing new forward contracts on or after October 1, 2018 will not be exempt from paying minimum Federal order prices.' --USDA
'Proprietary handlers establishing new forward contracts on or after October 1, 2018 will not be exempt from paying minimum Federal order prices.' --USDA
A webinar on the new Dairy Revenue Protection program, hosted by American Farm Bureau Federation with featured presenter AFBF Chief Economist John Newton, is slated for Friday, Sept. 28, 1:30 p.m. – 3 p.m. Central.
While issuing another $100 million in back-payments for the Margin Protection Program, the USDA extended the MPP enrollment deadline to ensure dairy farmers have every opportunity to join if they want to.
Despite vocal opposition from Democrats on the panel, a Republican draft of the farm bill was passed out of the House Agriculture Committee Wednesday on a party line vote.
Members of the Senate and Congress are applauding the changes to MPP-Dairy that should bring much needed relief to dairy farmers who utilize the program.
It appears the reduced premiums, monthly calculations and weak milk futures prices in 2018 will combine to offer some risk management for smaller producers.