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 The new and improved program protects participating dairy
producers when the margin – the difference between the price of
milk and feed costs – falls below levels of protection selected
by the applicant.
The re-enrollment deadline was previously extended through June
8, 2018. The deadline is being extended a second time to ensure
that dairy producers are given every opportunity to make a
calculated decision and enroll in the program if they choose.
This will be the last opportunity for producers to take
advantage of key adjustments Congress made to provisions of the
MPP program under the Bipartisan Budget Act of 2018 to
strengthen its support of dairy producers. USDA encourages
producers contemplating enrollment to use the online web
resource at
www.fsa.usda.gov/mpptool to calculate the best levels of
coverage for their dairy operation.
The next margin under MPP, for May 2018, will be
published on June 28, 2018. Therefore, all coverage elections on
form CCC-782 and the $100 administrative fee, unless exempt,
must be submitted to the County FSA Office no later than June
22, 2018. No registers will be utilized, so producers are
encouraged to have their enrollment for 2018 completed by COB
June 22, 2018.
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All dairy operations must make new coverage elections
for 2018 during the re-enrollment period, even if the operation was
enrolled during the previous 2018 signup. Coverage elections made
for 2018 will be retroactive to January 1, 2018. MPP payments will
be sequestered at a rate of 6.6 percent.
To learn more about the Margin Protection Program for dairy, contact
your local USDA Farm Service Agency county office at
offices.usda.gov or visit us on the Web at
www.fsa.usda.gov.
[USDA Farm Service Agency] |
