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Dairy Margin Coverage signup slow in the dairy state
Most dairy producers in Wisconsin have not yet signed up for the Dairy Margin Coverage program.
Katie Detra at Wisconsin FSA tells Brownfield that as of today, February 17th, only 1,616 producers have completed the DMC signup process. That’s only 31.5% of the state’s 5,116 licensed dairy farms.
Detra is encouraging dairy producers to enroll in the important safety net program that helps offset milk and feed price differences soon, since the deadline is February 26th.
Risk management advisors, including Mike North with Ever.ag have advised dairy farmers to “get it” as the program is certain to benefit farmers this year.
USDA has updated the program, allowing up to six million pounds of milk for tier one coverage and giving producers a 25% premium discount for locking in six years of coverage.
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