WASHINGTON — The U.S. Department of Agriculture’s Farm Service Agency announces that Dairy Margin Coverage safety-net sign-up for 2021 coverage will begin Oct. 12 and will run through Dec. 11. The program has already triggered payments for two months for producers who signed up for 2020 coverage.
“If we’ve learned anything in the past six months, it’s to expect the unexpected,” said FSA Administrator Richard Fordyce.
2020
The April 2020 income over feed cost margin was $6.03 per hundredweight (cwt.), triggering the second payment of 2020 for dairy producers who purchased the appropriate level of coverage under the Dairy Margin Coverage program.
The April margin reflects a more than a $3 drop from the March $9.15 cwt. income over feed cost margin. As of June 15, FSA has issued more than $100 million in much-needed program benefits to dairy producers who purchased coverage for 2020.
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 (the margin) falls below a certain dollar amount selected by the producer. Over 13,000 operations enrolled in the program for the 2020 calendar year.
Service centers
All USDA service centers are open for business, including some that are open to conduct business in-person by appointment only. All service center visitors wishing to conduct business with the Farm Service Agency, Natural Resources Conservation Service or any other agency should call ahead and schedule an appointment.
Service centers that are open for appointments will pre-screen visitors based on health concerns or recent travel, and visitors must adhere to social distancing guidelines. Visitors may also be required to wear a face covering during their appointment.
Field work will continue with appropriate social distancing. Program delivery staff will be in the office, and they will be working with farmers in office, by phone and using online tools. More information can be found at farmers.gov/coronavirus.
For more information on the program, visit farmers.gov or contact your local USDA service center. To locate your local FSA office, visit farmers.gov/service-center-locator.
