Signup for 2021 DMC Coverage to Begin Oct. 12
Minnesota Ag Connection - 07/06/2020
The USDA's Farm Service Agency announces that Dairy Margin Coverage safety-net signup for 2021 coverage will begin Oct. 12 and will run through Dec. 11. Due to the impact of COVID-19, the program has already triggered payments for two months for producers who signed up for 2020 coverage.
As of June 15, FSA has issued more than $100 million in much-needed program benefits to dairy producers who purchased DMC coverage for this year.
Authorized by the 2018 farm bill, DMC is a voluntary risk management program that offers protection to dairy producers when the difference between the all-milk price and the average feed price falls below a certain dollar amount selected by the producer. Over 13,000 operations enrolled in the program for 2020.
For more information, visit farmers.gov DMC website or contact your local USDA service center.