NMPF Urges Producers to Enroll in DMC and MFP With Signup Deadlines ApproachingThu, 05 Dec 2019 18:59:48 CST
Deadlines for Dairy Margin Coverage program signup and Market Facilitation Program payments are nearing for dairy farmers, and the National Milk Producers Federation is urging producers to visit their local Farm Service Agency offices to take advantage of programs meant to provide risk management tools for farmers and provide some relief against financial hardship.
Dairy Margin Coverage signup for 2020 coverage runs through next Friday, Dec. 13. The popular DMC program, which paid dairy farmers more than $308 million in benefits for 2019, offers insurance against low prices and high feed costs. All farmers who signed up for 2019 are encouraged to re-enroll for 2020, given the unpredictability of dairy markets. Farmers who elected to enroll for the full five-year life of the program need to visit their FSA office to keep their information current for the upcoming year.
The second tranche of 2019 Market Facilitation Program (MFP) payments, which USDA announced in November, is designed to help farmers suffering from damage due to foreign trade retaliation against U.S. agricultural products. In the past, NMPF has urged USDA to enhance payments for U.S. dairy farmers by using current production data. Signup for the payments runs through this Friday, Dec. 6.
NMPF has a resource page on its new website with more information about the program, including this 4-page brochure summarizing key facts about the DMC.
Source: National Milk Producers Federation
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