Reviewing Dairy Margin Coverage
Revamped Dairy Program is Worth a Second Look
January 9, 2019 |
The 2018 farm bill builds on the improvements made in the Bipartisan Budget Act to significantly enhance the commodity support from USDA’s Farm Service Agency. Reflecting these changes, the Margin Protection Program was renamed Dairy Margin Coverage. In addition to Title I improvements, the farm bill also allows dairy farmers to fully utilize the risk management tools available through private crop insurance products such as Dairy Revenue Protection or Livestock Gross Margin for Dairy Cattle.
Along with boosting support for dairy farmers, Congress also modified milk pricing provisions to facilitate improved risk management for the beverage milk industry (Proposed Changes to Fluid Milk Pricing). Then, to address seasonal oversupplies and periodic dumping of milk, a milk donation program was authorized.
Today’s article highlighting the new Dairy Margin Coverage program is the first of two to review the major changes made in the dairy subtitle of the 2018 farm bill. The second article in the series will review the pricing changes to Federal Milk Marketing Orders and the new milk donation program.
Quarterly Hog Report Shows Continued Herd Expansion
January 7, 2019 |
The most recent report, released Dec. 20, revealed a record December inventory of all hogs and pigs at 74.6 million head.
What’s in Title I of the 2018 Farm Bill for Field Crops?
December 13, 2018 |
Following a prolonged downturn in the farm economy – now entering its fifth year – farmers and ranchers have the risk management certainty they need in the form of a five-year farm bill. Among the changes in the 2018 farm bill are evolutionary improvements to commodity support programs such as the Marketing Loan Program, Price Loss Coverage and Agriculture Risk Coverage. Today’s article highlights the provisions of the commodity support programs, excluding dairy, included in Title I of the farm bill. A future Market Intel will review significant enhancements made to the dairy title.
NYT: ‘It’ll Be Worth It,’ President Trump Tells Farmers at AFBF Convention
January 18, 2019 |
A New York Times article highlighted President Donald Trump’s promise to farmers in a speech at AFBF’s 100th Annual Convention that “the greatest harvest is yet to come.
Why Has the American Farm Bureau Been Successful for 100 Years?
January 17, 2019 |
It’s a bit ironic that Sears is teetering on verge of liquidation and the American Farm Bureau Federation is still going strong after 100 years.
Some FSA Offices Open Jan. 17-18 and Jan. 22
January 16, 2019 |
The Agriculture Department has announced a limited opening of a select number of county Farm Service Agency offices for three days only for limited services related to select farm operating and farm ownership loans, and to work on processing 1099s related to these loans.
Western States Struggle with Self-Governance Due to Challenges of Public Lands
January 15, 2019 |
The challenge farmers and ranchers in western states have when it comes to public lands has its roots back in the revolutionary war, when states were fighting for self-governance, according to George Wentz Jr., a partner in the Davillier Law Group, who presented at the American Farm Bureau (AFBF)’s 100th Annual Convention in New Orleans.
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