June 14, 2019: Dairy Margin Coverage Enrollment

June 17, 2019 is the first day to enroll in the Dairy Margin Coverage (DMC) program. Dairy Margin Coverage is the 2018 Farm Bill program that replaces the Margin Protection Plan (MPP). Looking back at MPP, at the highest margin coverage ($8.00/cwt), it would have paid out 8 months in 2015 and 4 months in 2016. In 2014 and 2017, margins did not drop below $8.00. In 2018, the premiums were changed, margin calculations changed from every 2 months to monthly, and dairy farmers could retroactively enroll in MPP. If a farmer enrolled at the $8.00 coverage last year, it paid 8 months out of the year.

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