Wisconsin Leads the Nation in Dairy Margin Coverage Program
Wednesday, August 21st, 2019 -- 9:45 AM
(Wisconsin Ag Connection) -About 17,000 dairy operations across the United States have signed up for the Dairy Margin Coverage program since sign-up opened in June, with Wisconsin leading the nation in the total number of enrollees.On Monday, the USDA announced that 4,832 of Wisconsin's 6,719 dairy operations opted into the program, which replaces the former Margin Protection Program. The DMC program pays dairy producers when the difference between the all-milk price and the average feed price falls below a dollar amount selected by the producer. It provides catastrophic coverage at no cost, other than an annual $100 fee that may be waived, and offers higher buy-up coverage.
More than 60 percent of U.S. dairies have enrolled in the program, so far. Other leading states include Minnesota with 1,865, New York with 1,779, Pennsylvania with 1,511, and Michigan had 702 signups.
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