USDA Opens DMC Registration

Last week the U.S. Department of Agriculture (USDA) announced dairy producers can enroll in DMC between February 28 and April 29, 2024. Payments may begin as soon as March 4, if payments are triggered for January 2024.

USDA’s Farm Service Agency (FSA) has revised the regulations for DMC to allow eligible dairy operations to make a one-time adjustment to established production history. This adjustment will be accomplished by combining previously established supplemental production history with DMC production history for those dairy operations that participated in Supplemental Dairy Margin Coverage during a prior coverage year. DMC has also been authorized through calendar year 2024. Congress passed a 2018 Farm Bill extension requiring these regulatory changes to the program.

“FSA is announcing the sign up for 2024 Dairy Margin Coverage. We encourage producers to enroll in this important safety net program. In reviewing 2023 margins and the more than $1.2 billion in Dairy Margin Coverage payments issued to producers, Dairy Margin Coverage is proven to be a program to reduce risk for our dairy producers,” said FSA Administrator Zach Ducheneaux. “If 2023 taught us anything, it’s that we honestly have no idea what will happen in the market in any given year. Producers who took advantage of this affordable risk management tool for the 2023 program year, were able to mitigate some financial impacts on their operations. At $0.15 per hundredweight for $9.50 coverage, risk protection through Dairy Margin Coverage is a relatively inexpensive investment in a true sense of security and peace of mind.”

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USDA Opens 2022 Signup Period For Dairy Margin Coverage

The U.S. Department of Agriculture (USDA) opened signup for the Dairy Margin Coverage (DMC) program and expanded the program to allow dairy producers to better protect their operations by enrolling supplemental production. This signup period – which runs from Dec. 13, 2021 to Feb. 18, 2022 – enables producers to get coverage through this important safety-net program for another year as well as get additional assistance through the new Supplemental DMC.

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USDA Extends Deadline To Sign Up For 2020 DMC Program

Due to the prolonged and extensive impacts of weather events this year, the U.S. Department of Agriculture (USDA) today extended the deadline to December 20 for producers to enroll in the Dairy Margin Coverage (DMC) program for the 2020 calendar year. The deadline had been December 13.  USDA announced is also continuing to accept applications for the Market Facilitation Program through December 20.

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Dairy Webinar Archived Edition Available

The webinar covering dairy risk tools, including dairy revenue protect and dairy margin coverage programs was held on Friday, May 17 with 115 in attendance. The webinar was recorded and each presentation can be viewed at:

Part 1 with Dr. Marin Bosic:

https://connect.extension.iastate.edu/pnffdckg58jr/

Part 2 with Cassie Monger and Josh Newton:

https://connect.extension.iastate.edu/poim0vcx94kn/

Here are some “take-home” messages for each program.

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