Enrollment for 2016 Dairy Margin Protection Program
Enrollment dates July 1 through September
30 for 2016 coverage
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[July 21, 2015]
FSA Tuesday announced that starting
July 1, 2015, dairy farmers can enroll in Margin Protection Program
for coverage in 2016. The voluntary program, established by the 2014
Farm Bill, provides financial assistance to participating dairy
operations when the margin – the difference between the price of
milk and feed costs – falls below the coverage level selected by the
farmer.
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The Margin Protection Program gives participating dairy
producers the flexibility to select coverage levels best suited
for their operation. Enrollment begins July 1 and ends on Sept.
30, 2015, for coverage in 2016. Participating farmers will
remain in the program through 2018 and pay a $100 administrative
fee each year. Producers also have the option of selecting a
different coverage level during open enrollment each year.
Margin Protection Program payments are based on an operation’s
historical production. An operation’s historical production will
increase by 2.61 percent in 2016 if the operation participated
in 2015, providing a stronger safety net.
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USDA also has an online resource available to help dairy
producers decide which level of coverage will provide them with
the strongest safety net under a variety of conditions. The
enhanced Web tool, available at
www.fsa.usda.gov/mpptool, allows dairy farmers to
quickly and easily combine their unique operation data and other
key variables to calculate their coverage needs based on price
projections. Producers can also review historical data or
estimate future coverage based on data projections. The secure
site can be accessed via computer, mobile phone, or tablet, 24
hours a day, seven days a week.
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Dairy operations enrolling in the program must meet conservation
compliance provisions. Producers participating in the Livestock
Gross Margin insurance program may register for the Margin
Protection Program, but this new margin program will only begin once
their livestock dairy insurance coverage has ended. Producers must
also submit form CCC-782 for 2016, confirming their Margin
Protection Program coverage level selection, to the local Farm
Service Agency (FSA) office. If electing higher coverage for 2016,
dairy producers can either pay the premium in full at the time of
enrollment or pay a minimum of 25 percent of the premium by Feb. 1,
2016.
For more information, visit FSA online at
www.fsa.usda.gov/dairy
for more information, or stop by a local FSA office to learn more
about the Margin Protection Program. To find a local FSA office in
your area, visit
http://offices.usda.gov.
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