From the NYS Department of Agriculture and Markets:
Enrollment for the 2016 Dairy Margin Protection Program is currently underway.
Dairy farmers can now sign up for the U.S. Department of Agriculture’s (USDA) Margin Protection Program at their local USDA Farm Services Agency office.
The program provides financial assistance to participating dairy operations when the margin, or the difference between the national all-milk price and national average feed cost, falls below the coverage level selected by the farmer.
“As a farmer, I know that the agriculture industry is faced with the challenge of unpredictable conditions—from the weather to market cycles," said Ag and Markets Commissioner Richard Ball. "Enrollment for the Margin Protection Program is now open and I encourage our dairy farmers to explore this opportunity to invest in a risk management tool that could help ease some of the economic hardship when margins fluctuate.”
Dairy operations, large and small, that produce milk commercially are eligible to participate in the program for a premium.
Participating dairy producers have the flexibility to select coverage levels best suited for their operation and have the option of adjusting that level during the open enrollment period each year. Currently, 48 percent of New York’s dairy producers are enrolled in the 2015 program.
Enrollment for the 2016 program began July 1 and ends Sept. 30. For more information, visit the USDA’s Farm Service Agency’s website at www.fsa.usda.gov/dairy. To find a local FSA office, visit http://offices.usda.gov.
The tool, available at www.fsa.usda.gov/mpptool, allows dairy farmers to calculate their coverage needs based on price projections. Producers can also review historical data or estimate future coverage based on data projections.