Last week President Trump signed a spending bill to fund the government. The deal also included several changes to the dairy safety net programs including the Margin Protection Program (MPP).
New Pricing. The program now provides small and medium farms with catastrophic coverage at the $5 level for no cost. This price only qualifies for the first 5 million pounds of a farm’s historical production.
Calculation Frequency. Margins will be calculated monthly, instead of every two months.
Fees Waved. The $100 administration fee is now waved for underserved farmers, which USDA says includes veterans, socially disadvantaged, minorities and women.
Enrollment Open. The enrollment window for 2018 coverage is now back open. USDA hopes the additional enrollment period will give farmers a chance to weigh the program changes and then decide on participation. Producers who are already enrolled can change their coverage level if desired. Producers who decided not to participate in 2018, but participated in previous years are eligible to sign up.