The USDA began accepting applications for the Dairy Margin Coverage (DMC) program February, 28, 2024, for enrollment in 2024. The DMC program is designed as a risk management program, offering protection to dairy producers when the difference between the all-milk price and the average feed price (the margin) falls below a certain dollar amount selected by the producer. The deadline to apply for this program is April 29, 2024. More information on the DMC program can be found on the Farm Service Agency’s website page at https://go.wisc.edu/v7957z.
UW-Madison Division of Extension will be hosting a virtual meeting featuring Leonard Polzin, Extension Dairy Markets and Policy Outreach Specialist. Polzin will cover what a producer needs to know for the 2024 DMC sign-up. He will walk-through changes to the DMC program that could affect current and previous years’ coverage from the program. Polzin will discuss the DMC decision tool that was developed to help producers decide on the level of coverage necessary, with a variety of conditions, to help determine the strongest financial safety net for their farm.
Click here to read more wisc.edu
Photo Credit: gettyimages-vm
Categories: Wisconsin, Livestock, Beef Cattle