Agriculture Secretary Tom Vilsack today announced that dairy farms participating in the Margin Protection Program (MPP) can now update their production history when an eligible family member joins the operation.
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.
With poor crop conditions and a record amount of prevent plant weighing on farmers' balance sheets in 2019, one economist thinks MFP 2.0 may not be enough to get net farm income back to a level needed for some stability.
In early August, the United States Department of Agriculture published the milk margin for May/June 2016 and it was $5.76. The calculated USDA milk margin is used in the Margin Protection Program for Dairy (MPP) to det