NEWS Vermont Dairy Farmers Can Use
…about the looming deadline for enrolling in the improved Margin Protection Program for Dairy
New info on the improved Margin Protection Program (MPP) for dairy farmers and the SIGNUP DEADLINE ON FRIDAY, JUNE 1:
USDA now says they will begin ON JUNE 1 issuing checks to producers who signed up early for the February and March margins, as an incentive for enrolling before the June 1 deadline and to offer immediate help to dairy farmers struggling with low milk prices. Leahy, who authored the MPP improvements and steered them into law as part of the Appropriations/budget agreement in February (see more info, BELOW), had also fought to make the MPP improvements retroactive to the early months of this year.
Also: USDA tells Leahy’s office that the final data for the April margin level will come out on May 30th, so farmers will know what the payout for February, March, AND APRIL will be, and they then will have two final days to sign up for MPP if they have not done so by then.
USDA reports that nationwide USDA has seen a slow but steady stream of farmers re-enrolling their operations under the Leahy-led improvements, but enrollment in Vermont, so far, has been lagging the nationwide rate.
Based on the latest USDA forecasts it appears that thanks to the MPP retroactive coverage changes for 2018, for more than 90 percent of the farmers previously enrolled in the program, coverage during 2018 is already guaranteed to be profitable – that is, program payments will be greater than the insurance premiums and farmers will have until September 1 to pay premiums. The USDA has an easy to use online calculator that allows producers to quickly predict the outcome for their farms.
Here is a LINK to the USDA calculator: https://www.fsa.usda.gov/programs-and-services/farm-bill/farm-safety-net/dairy-programs/mpp-decision-tool/index
Details about the changes to the MPP-D implemented as part of the budget deal can be found here: https://www.leahy.senate.gov/press/breaking-leahy-secures-key-safety-net-changes-for-dairy-farmers-in-budget-deal
David Carle: 202-224-3693
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