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Dairy farmers get boost with new coverage program
USAgNet - 02/26/2024

The U.S. Department of Agriculture (USDA) has recently revealed the start of the Dairy Margin Coverage (DMC) program, a significant step forward for dairy farmers across the country. This program, set to start enrollment soon, promises a much-needed financial cushion for those in the dairy industry, retroactive from January 1 of this year through December.

The American Farm Bureau Federation (AFBF) has expressed its approval, having previously urged for the quick opening of this program to support the dairy sector.

The DMC program is designed as a risk management tool under the farm bill, aiming to aid farmers when milk prices fall below the cost of production. This is especially crucial considering the recent decline in the number of licensed dairy herds in the U.S., with significant losses in states like Wisconsin, Pennsylvania, New York, and Minnesota.

The USDA's move to initiate the DMC program follows adjustments and technical updates to the 2018 farm bill. This proactive step by the USDA, welcomed by the AFBF, aims to mitigate the financial challenges faced by dairy farmers, ensuring the stability of milk production and the broader farm economy.

As the dairy industry navigates through these uncertain times, the implementation of the DMC program is a beacon of hope, promising to bolster the resilience of dairy farms across the nation. With the AFBF's backing and the USDA's commitment, the future looks brighter for dairy farmers, ensuring they can continue to provide for the nation's needs.

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