2024 Dairy Margin Coverage (DMC) through the USDA

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Dairy producers can now enroll for 2024 Dairy Margin Coverage (DMC) through the USDA. The program provides producers with price support to help offset milk and feed price differences. Signup for this year is underway now through April 29, 2024. 2024 DMC coverage payments can begin as soon as March 4, 2024, for any payments that triggered in January 2024. 

For more details log on to https://www.fsa.usda.gov/programs-and-services/dairy-margin-coverage-program/index

Meanwhile The American Farm Bureau Federation and National Farmers Union sent a letter  requesting the  USDA bring stability to Class I milk prices. The letter, asks Secretary Tom Vilsack to issue an interim final decision to return the Class I mover formula to the “higher of” the Class III or IV calculations, as it was before the 2018 farm bill. Read the full letter here

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