National Milk Producers Federation (NMPF) President and CEO Jim Mulhern applauded Tuesday's announcement by the U.S. Department of Agriculture to extend the 2022 Dairy Margin Coverage Program signup.
The deadline to apply for 2022 coverage is now March 25. As part of the Biden-Harris Administration's ongoing efforts to support dairy farmers and rural communities, USDA's Farm Service Agency (FSA) opened DMC and SDMC signup in December to help producers manage economic risk brought on by milk price and feed cost disparities.
"Dairy farmers thank USDA and Secretary Vilsack for extending signup for this year's Dairy Margin Coverage Program in order to maximize producer signup for this important program. DMC offers cost-effective margin protection for small and medium-sized producers and inexpensive catastrophic coverage for larger dairies. It provides critical protection against unforeseen market disruptions -- and if the past two years have shown anything, it's that unforeseen market disruptions can happen. We urge all producers to sign up for DMC protection, part of a suite of NMPF-supported, federally backed risk-management that also includes the Dairy-RP and LGM-Dairy programs."
For more information on DMC and NMPF's support for effective risk management, visit NMPF's website here.
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