By Blake Jackson
Dairy and crop producers face ongoing risks, including fluctuating milk prices and rising feed costs. Programs like Dairy Margin Coverage (DMC) and Agriculture Risk Coverage (ARC) & Price Loss Coverage (PLC) help these financial uncertainties, ensuring more stable and predictable income. Understanding historical trends and risk factors is key to making informed decisions.
To provide valuable insights, the UW-Madison Division of Extension Dairy & Farm Management Teams will host a webinar on February 5, 2025, at 1:00 p.m. CST.
The session will focus on DMC, ARC, and PLC programs, helping farmers navigate their options. Interested participants can register at https://go.wisc.edu/dmc-arcplc.
Leonard Polzin, a Dairy Markets and Policy Outreach Specialist at UW-Madison Extension, will discuss Dairy Margin Coverage. As a voluntary risk management tool, DMC helps dairy producers safeguard against declining milk prices and rising feed expenses.
This ensures financial stability for those producing and marketing milk commercially in the U.S. The enrollment period for DMC begins on January 29, 2025. Producers can contact their local FSA office for details.
Silvanus Gaku, a Farm Financial Management Outreach Specialist at UW-Madison Extension, will cover the ARC and PLC programs. ARC provides payments when a farm’s actual revenue falls below a predetermined guarantee based on historical data and market trends.
PLC compensates producers when the effective price of a covered commodity drops below its reference price. These FSA-administered programs opened for enrollment on January 21, 2025.
For more information, contact Regional Dairy Educator Jackie McCarville at (608) 576-0147 or jackie.mccarville@wisc.edu, or Extension Dairy Educator Angie Ulness at (920) 683-4511 or angie.ulness@wisc.edu. Register today to gain insights into these essential risk management programs.
Photo Credit: gettyimages-stockseller_ukr
Categories: Wisconsin, Education