As we look ahead to 2023, we start to look at making sure that we keep our operations protected for another year. We look at crop insurance options, but our nation?s milk producers are also looking at protecting the narrow income margins they get for their products as well.
Dairy groups are reminding producers that they have a limited amount of time to get signed up for the Dairy Margin Cioverage Program (DMC), which is part of the current Farm Bill. The deadline is next Friday, December 9th.
Chris Galen is with the National Milk Producers Federation, and he talks about the importance of the DMC as a risk management tool for dairy producers and their operations.
Galen adds that the DMC is the most cost-effective and affordable option for producers.
Larger operations, which produce more than five million pounds of milk annually, can use the DMC as well as Livestock Gross Margin Program and the Dairy Revenue Protection Program. USDA also offers supplemental DMC coverage options.
Galen adds that producers shouldn?t wait til the last minute. Get your operation enrolled now.
Learn more on the risk management page at nmpf.org.
