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The 2018 Farm Bill authorized DMC, a voluntary
risk management program that offers financial protection to
dairy producers when the difference between the all milk price
and the average feed cost (the margin) falls below a certain
dollar amount selected by the producer. It replaces the program
previously known as the Margin Protection Program for Dairy.
Sign up for this USDA Farm Service Agency (FSA) program opens on
June 17, 2019.
The University of Wisconsin launched the decision support tool
in cooperation with FSA and funded through a cooperative
agreement with the USDA Office of the Chief Economist. The tool
was designed to help producers determine the level of coverage
under a variety of conditions that will provide them with the
strongest financial safety net. It allows farmers to simplify
their coverage level selection by combining operation data and
other key variables to calculate coverage needs based on price
projections.
The decision tool assists producers with calculating total
premiums costs and administrative fees associated with
participation in DMC. It also forecasts payments that will be
made during the coverage year.
For more information, access the tool at fsa.usda.gov/dmc-tool.
For DMC sign up, eligibility and related program information,
visit fsa.usda.gov or contact your local USDA Service Center.
[USDA Farm Service Agency]
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