Dairy Margin Coverage makes adjustments, opens enrollment
The USDA has opened the 2022 Dairy Margin Coverage sign-up period, and they’ve made some sought-after changes.
First, the program will allow enrolling supplemental production enabling small and medium-sized producers to get coverage and retroactive payments for added production that wasn’t covered previously.
Second, the Farm Service Agency changed the formula for calculating feed costs to better reflect what farmers pay for high-quality alfalfa hay. The new formula accounts for 100% of alfalfa hay instead of 50%.
Signups for this round of the Dairy Margin Program end February 18th, 2022.