USDA Offers Temporary Changes To DMC Intergenerational Transfer Rule

Production growth. ( Farm Journal, Inc. )

If a spouse, child or grandchild has joined your operation, you may be eligible for an increase in your Dairy Margin Coverage (DMC) production history.

If the spouse, child or grandchild joined the operation since 2014 and additional dairy cattle were added to your herd, your DMC history can be updated to reflect that increased milk production, reports Dairy Famers of America. The cattle must have been purchased within 120 days of the family member joining the operation. The production history can be increased up to 5 million pounds.

For those farms that were in enrolled in the dairy Margin Protection Program from 2014 through 2018, the production history may be applied to the DMC 2019 calendar year. Operations who make this adjustment may be eligible for additional payments this year.

Operations have until December 13, 2019 to update their production histories to reflect the intergenerational transfers. Do so at your local Farm Service Agency office.

You can also enroll for 2020 DMC coverage through December 13, 2019.

 
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