Enrollment for the retooled Dairy Margin Protection Program will close at the end of this month. Changes made to the program in the Bipartisan Budget Act passed by Congress in February make coverage more affordable for dairy producers, according to the National Milk Producers Federation. Spokesperson Chris Galen encourages dairy producers to consider the new program:
Galen explains how the changes in the MPP will impact dairy farmers:
Galen said those expected 2018 MPP payments may be trimmed by about 7 percent because of government budget rules. Dairy producers can participate in either MPP or the Livestock Gross Margin program for dairy, but not both. Galen says larger farms may find it more beneficial to use the LGM program for risk management, if the MPP isn’t the most cost-effective option:
Calculator tools are available online here to help you make the best decision for your operation.