Dairy farmers will receive an improved safety net in the new farm bill. The Margin Protection Program will be rebranded as the Dairy Margin Coverage Program. “The coverage levels become even higher, and the premium rate structure becomes more favorable for farmers of all sizes,” explains Chris Galen, senior vice president of members services and strategic initiatives, National Milk Producers Federation. “There will be a discount on future premiums if farmers sign-up for the full five years, as well as premiums paid this year. The premiums on catastrophic coverage levels for larger producers are significantly reduced.” The DMC program also expands flexibility for dairy farmers, allowing them to fully participate in the Livestock Gross Margin and Dairy Revenue Protection programs. The benefits of the new program will be retroactive to the beginning of 2019, with sign-up done through USDA.
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