Dairy producers will have a little more time to enroll in a program that bridges the possible financial gaps when milk prices drop below production costs. U.S. Agriculture Secretary Tom Vilsack announced the extension to Dec. 5, 2014 for farmers to sign up for the Dairy Margin Protection Program during his speech at the National Milk Producers Federation annual meeting.
“We want dairy producers to have enough time to make thoughtful and well-studied choices,” said Vilsack. “Markets change and the Margin Protection Program can help protect dairy producers from those changes.”
Vilsack encouraged producers to use the online Web resource at www.fsa.usda.gov/mpptool to calculate the best levels of coverage for their dairy operation. “Historical scenarios also can be explored to see how the Margin Protection Program would function should poor market conditions occur again in the future,” said Vilsack. The secure website can be accessed via computer, smartphone or tablet.
The U.S. Department of Agriculture (USDA) also extended the opportunity for public comments on both the Margin Protection Program and the Dairy Product Donation Program until Dec. 15, 2014.
“USDA is committed to creating strong opportunities for the next generation of farmers and ranchers. When dairy producers bring new family members into the business, these changes could affect safety net coverage,” said Vilsack. “If our current rules hinder intergenerational changes or if improvements are needed in these programs, then we want to hear from dairy producers.”