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Producers are expected to have the opportunity to sign up for the federal Livestock Gross Margin for Dairy program once again in late October.
Idaho congressman Mike Simpson is the lead Republican in support of the House Ag Committee’s Dairy Security Act.
The legislation will replace current, outdated dairy programs with new risk management tools.
Congressman Collin Peterson (D-Minn.) believes sign-up for the program will be similar to the 70% sign-up for the Cooperatives Working Together program
The dairy reform package introduced last week will save a projected $167 million over the first five years and $131 million over 10 years.
In a world of increased feed costs, uncooperative weather and problems with forage quality, high milk prices and strong demand are helping some dairy producers make ends meet.