Monday, September 22, 2014
Webinars Tuesday on Margin Protection Program
Cooperative Extensions across the state are hosting webinars or informational meetings Sept. 23 concerning the new Margin Protection Program.
USDA New York State Farm Service Agency Executive Director James Barber encourages dairy producers to attend one of several statewide informational meetings or webinars. Webinar participants will learn about MPP-Dairy from milk marketing expert, Dr. Andrew Novakovic, of Cornell University.
Novakovic has been part of a national dairy markets and policy team, developing materials to assist farmers in understanding the new MPP-Dairy program. The presentation will detail program guidelines and demonstrate resources that producers can use to weigh the benefits of different participation options.
Farm Service Agency employees will be on hand at several of these meetings to answer questions related to program policy USDA also launched a new Web tool to help producers determine the level of coverage under MPP-Dairy that will provide them with the strongest safety net under a variety of conditions.
Visit http://www.dairymarkets.org/MPP/Meetings/New%20York%20Extension.pdf for a list of scheduled webinars and meetings.
MPP-Dairy is a voluntary risk management program authorized by the Agricultural Act of 2014 (2014 Farm Bill). MPP-Dairy offers protection to dairy producers when the difference between the milk price and the average feed cost (the margin) falls below a certain dollar amount selected by the producer.
This program is designed to protect dairy producers from the volatility of milk, grain and forage production prices. MPP-Dairy sign-up opened Sept. 2 and ends Nov. 28, 2014,for the 2015 program year.
The online resource, available at www.fsa.usda.gov/mpptool, allows dairy producers to quickly and easily combine unique operation data and other key variables to calculate their coverage needs based on price projections. Producers can also review historical data or estimate future coverage based on data projections. The secure site can be accessed via computer, Smartphone, tablet or any other platform, 24 hours a day, seven days a week.
For more information about the MPP-Dairy program, contact your local FSA Office or review the Fact Sheet: http://www.fsa.usda.gov/Internet/FSA_File/mpp_dairy.pdf