FSA on Monday launched 2023 enrollment for the Dairy Margin Coverage Program, the farm bill safety net tool that issues payments when production margins fall below a level set by producers during enrollment.
The Agriculture Department is taking new steps to shore up the dairy industry by putting $400 million into the distribution of surplus dairy products to needy families while also boosting payments to farmers under the Dairy Margin Coverage program.
The National Milk Producers Federation and International Dairy Foods Association are jointly asking USDA to rescue the industry from the impacts of the COVID-19 pandemic by paying farms to cut production and providing forgivable loans to processors to keep buying milk.
This is the second episode of a five-part podcast series exploring a wide range of issues in the dairy industry. In this episode, farm broadcasters Spencer Chase and Ben Nuelle report on the various changes in dairy policy in recent memory.