New Delhi, Sept. 20 -- The U.S. Department of Agriculture (USDA) extended the deadline for dairy farmers to enroll in the Dairy Margin Coverage (DMC) program to Sept. 27, 2019. The deadline had previously been Sept. 20.
DMC is authorized by the 2018 Farm Bill to provide price protection when the difference between the all-milk price and average feed cost (margin) falls below a dollar amount selected by the dairy farmer.
"More than 21,200 dairy operations have already signed up for DMC," says Bill Northey, USDA Under Secretary for Farm Production and Conservation. "With smaller margins and increased feed costs, DMC has resulted in almost $230 million in payments disbursed."
Margin payments have triggered for each month from Janua
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