USDA Extends Dairy Margin Coverage Program Deadline

The Department of Agriculture Tuesday extended the deadline to enroll in Dairy Margin Coverage and Supplemental Dairy Margin Coverage for 2022. 

The deadline to apply for coverage is now March 25, 2022. USDA’s Farm Service Agency opened signup in December 2021 to help producers manage economic risk brought on by milk price and feed cost disparities. 

FSA Administrator Zach Ducheneaux says, “We are encouraging dairy operations to take advantage of the extended deadline and join the 8,900 operations that have already enrolled for 2022 coverage.” 

Enrollment for 2022 DMC is currently at 55 percent of the 2021 program year enrollment. 

Producers who enrolled in DMC for 2021 received margin payments each month, January through November, for a total of $1.2 billion, with an average payment of $60,275 per operation. 

Supplemental DMC coverage is applicable to calendar years 2021, 2022 and 2023. 

For more information, dairy producers should contact their local USDA Service Center.

(Courtesy of the NAFB News Service)