Missouri Approves $660,000 Dairy Risk Management Program

Missouri’s Gov. Eric Greitens signed the state’s budget on Jan. 5 which included $660,000 to fund a dairy risk management program created by the Missouri Dairy Revitalization Act.

The Missouri Agricultural and Small Business Development Authority (MASBDA), housed within the Missouri Department of Agriculture, will begin accepting applications for the program on Jan. 8, 2018, and close on Feb. 28, 2018.

“I applaud Gov. Greitens for making this a priority and supporting the Missouri dairy industry, which employs 23,000 Missourians and generates an estimated $7.5 billion in economic output annually,” says Director of Agriculture Chris Chinn. “The dairy industry worked for this for several years, and MASBDA is ready to go to work for them.”

The Margin Insurance Premium Assistance program aids Missouri dairy producers who participate in the national Dairy Margin Protection Program with costs that are incurred. Eligible dairy farmers may be reimbursed up to 70 percent of their federal premium, excluding the USDA Farm Service Agency (FSA) administrative fees. Dairy farmers applying for reimbursement will be required to submit full proof of federal premium payment for each year that reimbursement is requested.

Missouri dairy producers can find information and applications on the Missouri Department of Agriculture website or through their dairy cooperative, producer organizations and county FSA office.

Funding for Missouri’s state program will only run through the 2018 financial year. The proposed budget for 2019 will not have any funding for the program.  

Producer groups and dairymen from Missouri came out in support of the program.

"We are pleased with the State of Missouri's support for maintaining a local milk supply including Governor Greitens' fulfillment of a long term promise to Missouri's dairy farmers,” says Ted Sheppard, Missouri Dairy Association president and a dairy farmer from Cabool.

“We appreciate the Governor’s support of Missouri dairy farm families and look forward to working with him as well as Director Chinn of the Missouri Department of Agriculture to help identify other ways to further grow the dairy industry in the state,” says Randy Mooney, Chairman of DFA’s Board of Directors and dairy farmer from Rogersville.

“Missouri Dairy Industry Alliance greatly appreciates Governor Greitens and Director Chinn for their commitment to Missouri dairy farmers,” says Missouri Dairy Industry Alliance president Sean Cornelius. “We look forward to working with the Department of Agriculture and other organizations that support dairy to build a better path forward in the next farm bill.”

"We are grateful to Governor Greitens and his team for not only recognizing the importance of the state's dairy industry but also providing funds that will help Missouri farmers dealing with low milk prices,” says Blake Hurst, Missouri Farm Bureau president. “Our focus will now turn to ensuring access to viable risk management tools at the federal level."

For more information on the Missouri Dairy Revitalization Act and this program, please contact the Missouri Agricultural and Small Business Development Authority by phone at 573-751-2129 or email at masbda@mda.mo.gov.  

 

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