NEWS
New Dairy Safety Net
Cheryl Anderson DTN Staff Reporter
Tue Mar 11, 2014 01:36 PM CDT

DAVENPORT, Neb. (DTN) -- Dairy producers will have a new method of protecting their profit margins when an insurance program created by the 2014 farm bill begins on Sept. 1.

The new dairy margin protection insurance, the Dairy Producer Margin Protection Program, will replace the Milk Income Loss Contract program. It was announced with the passage of the new farm bill, according to Joe Horner, University of Missouri Extension economist.

The difference between the two programs is the new margin protection program will be more based on insurance than on direct payments from the government, Horner told DTN. "The producer ...

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