Dairy producers can now sign up for the new Margin Protection Program. Sabrina Hill has more.
National Milk Producers Federation CEO Jim Mulhern says this is the safety net crafted in the new farm bill and it’s a dramatic difference from the MILC program because it looks at income over feed costs. Mulhern says those margins are figured in two-month increments and producers can insure from $4 to $8. Dairymen must sign up for the program through 2018, but the catastrophic coverage level at $4 only costs $100. Each year following, farmers can decide the level of coverage for their operation.