NEWS
USDA Readies Dairy Program
Chris Clayton DTN Ag Policy Editor
Thu Aug 28, 2014 01:50 PM CDT

OMAHA (DTN) -- Dairy farmers can sign up for the new federal Dairy Margin Protection Program starting Tuesday, Sept. 1.

The Market Protection Program is an insurance option for dairy farmers that is being run through the Farm Service Agency. The Margin Protection Program will pay indemnities to farmers when the difference between the price of milk and feed costs falls below a coverage level selected by the farmer.

Enrollment begins Tuesday and will run until Nov. 28 for the 2014 and 2015 calendar years.

Under the program, USDA determines national average feed costs, factoring in the price of corn, ...

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