May
Margin Triggers Dairy Margin Coverage Program Payment
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[July 13, 2020]
The U.S. Department of Agriculture’s Farm
Service Agency (FSA) today announced that the May 2020 income over
feed cost margin was $5.37 per hundredweight (cwt.), triggering the
third payment of 2020 for dairy producers who purchased the
appropriate level of coverage under the Dairy Margin Coverage (DMC)
program.
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To date, FSA has issued more than $176 million in program
benefits to dairy producers who purchased DMC coverage for 2020.
Authorized by the 2018 Farm Bill, DMC is a voluntary risk
management program that offers protection to dairy producers
when the difference between the all-milk price and the average
feed price (the margin) falls below a certain dollar amount
selected by the producer. Over 13,000 operations enrolled in the
program for the 2020 calendar year.
Although DMC enrollment for 2020 coverage has closed, signup for
2021 coverage will begin October 13 and will run through
December 11, 2020.
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All USDA Service Centers are open for business, including some
that are open to visitors to conduct business in person by
appointment only. All Service Center visitors wishing to conduct
business with the FSA, Natural Resources Conservation Service,
or any other Service Center agency should call ahead and
schedule an appointment. Service Centers that are open for
appointments will pre-screen visitors based on health concerns
or recent travel and visitors must adhere to social distancing
guidelines.
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Visitors may also be required to wear a face covering
during their appointment. Field work will continue with appropriate
social distancing. Our program delivery staff will be in the office,
and they will be working with our producers in office, by phone, and
using online tools. More information can be found at farmers.gov/coronavirus.
For more information, visit farmers.gov DMC webpage or contact your
local USDA Service Center. To locate your local FSA office, visit
farmers.gov/service-center-locator.
[USDA Farm Service Agency]
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