The 2018 Farm Bill made the Dairy Margin Coverage (DMC) program available in 2019 as a much-improved version of the Margin Protection Program (MPP) that it replaced. DMC is margin-based insurance where the margin each month is calculated by subtracting the national corn, soybean meal and blended alfalfa hay price from the U.S. all-milk price. The resulting actual margin is then compared to the margin selected by the dairy farmer to determine if an indemnity is owed. Read More