March 15, 2024: January DMC Margin Is $8.48

February 28, 2024 was the first day dairy farms could enroll in the Dairy Margin Coverage (DMC) Program for the 2024 Program Year. You have until April 29, 2024 to enroll at your local Farm Service Agency. However, those who enroll early in the process could receive a payment as early as mid-March for their January milk production. That’s because the January margin under the DMC Program was announced at $8.48 per hundredweight, up 4 cents from December and 54 cents above year-ago levels, but still $1.02 cents below the $9.50 threshold for the maximum coverage level.

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