Dairy Margin Coverage Program Payment Triggered
June 3, 2020
The U.S. Department of Agriculture's Farm Service Agency (FSA) announced this week that the March 2020 income over feed cost margin was $9.15 per hundredweight (cwt.), triggering the first payment of 2020 for dairy producers who purchased the appropriate level of coverage under the Dairy Margin Coverage (DMC) program.
"This payment comes at a critical time for many dairy producers," said FSA Administrator Richard Fordyce. "It is the first triggered DMC payment for 2020, and the first payment to dairy producers in seven months."
Current projections indicate that a DMC payment is likely to t...