Dairy farmers are waiting to witness the impact of revisions to the Federal Milk Marketing Orders beginning in June. This year also brings changes to the farm economy with new government leadership. How can you best prepare your farm for some of the risk that comes with these changes?
Leonard Polzin is a dairy economist with the Division of Extension. He sits down with Mid-West Farm Report to walk us through the what-ifs of 2025. But first, he reminds us that the Dairy Margin Coverage enrollment is open now until March 31.
DMC, administered by the Farm Service Agency, is a voluntary risk management tool for dairy producers. It offers financial assistance when the margin between the all-milk price and average feed cost falls below a coverage level chosen by the producer.
By participating in DMC, dairy farmers can protect themselves against declines in milk prices and increases in feed costs, ensuring a more predictable and stable income. The program includes both catastrophic coverage and additional, higher levels of coverage for an annual premium.
Learn more: https://www.fsa.usda.gov/resources/programs/dairy-margin-coverage-program-dmc
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