The USDA Farm Service Agency (FSA) in New York is partnering with the New York Crop Insurance Education Program to present a webinar for dairy producers. The webinar will be held on June 18 at noon and will cover FSA’s new Dairy Margin Coverage (DMC) program, as well as two crop insurance programs for dairy producers. The webinar will be recorded and posted online.
The 2018 Farm Bill authorized DMC, a voluntary risk management program that offers financial protection to dairy producers when the difference between the all milk price and the average feed cost (the margin) falls below a certain dollar amount selected by the producer. It replaces the Margin Protection Program (MPP) for Dairy.
In addition to DMC, dairy producers can participate in two USDA Risk Management Agency (RMA) crop insurance policies, the Livestock Gross Margin for Dairy Producers (LGM – Dairy) and the Dairy Revenue Protection (DRP). Both of these programs can be used in conjunction with DMC to provide more robust risk protection.