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Showing posts from February, 2022

Dairy Margin Coverage for 2022

The last day for dairy farmers to enroll in the Dairy Margin Coverage (DMC) for 2022 with your local Farm Service Agency (FSA) office is Feb. 18, 2022. Dairy farmers who signed up for the five-year commitment last year and locked in their coverage still need to pay the $100 administrative fee to stay enrolled in the program. Dairy farmers can also sign up for Supplemental DMC if they have less than 5 million pounds of established production. These dairy farms can update their production to their 2019 actual production. This update in pounds is retroactive to January 2021 and will go through 2023. Dairy farmers may receive a DMC payment for all 2021 months of increased production with Supplemental DMC. The USDA has also updated the feed cost calculation from a 50 percent premium hay ration to a 100 percent premium hay ration for DMC. Depending on farm size and coverage level, your farm could have up to 95 percent of your annual historic protection with DMC. With many farms selecting Tie