Time Running Out for Farmer to Submit Paperwork for Market Facilitation Program
Thursday, December 5th, 2019 -- 8:55 AM
(Wisconsin Ag Connection) -Time is running out for dairy producers to submit their paperwork for the second tranche of 2019 Market Facilitation Program payments aimed at assisting farmers suffering from damage due to unjustified trade retaliation by foreign nations.MFP signup at local Farm Service Agency offices will run through December 6. The Dairy Margin Coverage program is also open to enrollment until December 13. The DMC program offers reasonably priced protection to dairy farmers when the difference between the all-milk price and the average feed cost (the margin) falls below a certain dollar amount selected by the farmer.
Dairy farmers have earned more than $300 million from the 2019 program. Nearly half of the producers who have signed up so far are taking advantage of the 25 percent premium discount by locking in for five years of margin protection coverage through the Farm Service Agency.
Feel free to contact us with questions and/or comments.