More than half of all dairy farms in the country have enrolled in the Margin Protection Program (MPP), according to U.S. Department of Agriculture (USDA).
A part of the 2014 Farm Bill, the voluntary program provides financial assistance to participating farmers when the margin — the difference between the price of milk and feed costs — falls below the coverage level selected by the producer. According to USDA, more than 23,000 dairy operations signed up for the program.
Starting with basic coverage for an administrative fee of $100, producers can select higher levels of coverage at incremental premiums. More than half of applicants selected higher coverage beyond the basic level.
Dairy producers interested in enrolling in MPP for 2016 can register at their Farm Service Agency office between July 1 and September 30.
More information on MPP is available on myDFA in the Resources section.