WASHINGTON, March 28, 2014 – USDA today officially announced the extension of the Milk Income Loss Contract (MILC) program through August.
Though USDA had informally told the dairy industry of the change, the department said in a release today that it would extend the program against income loss until Sept. 1, or until a new Margin Protection Program for dairy producers (MPP) is established.
Contracts for eligible producers enrolled in MILC on or before Sept. 30, 2013, are automatically extended until the termination date of the MILC program. Dairy operations with approved MILC contracts will continue to receive monthly payments if a payment rate is in effect.
The department’s Farm Service Agency says it will provide producers with information on program requirements, updates and sign-ups as soon as details are available. For more information on MILC, contact a local FSA county office or visit the FSA website at www.fsa.usda.gov.
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