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Dairy economists from the Universities of Missouri and Wisconsin, as part of their 11-part series on dairy policy, point out the two-edged nature of these agreements.

USDA reported that milk production jumped 1.7% in April in the 23 major dairy producing states over April 2009. Estimated milk production for the entire country was up 1.5%.

Dairy economists from the Universities of Missouri (UM) and Wisconsin have prepared a Policy Brief analyzing the pros and cons of such a national dairy gross margin program. In essence, LGM-Dairy pays an insurance indemnity equal to the difference, if positive, between the gross margin expected at producer sign-up and the gross margin actually experienced.