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Page 22 - Margin Coverage News Today : Breaking News, Live Updates & Top Stories | Vimarsana

How to protect your dairy operation from the unknown

One area that continues to lag for the dairy industry is protecting our source of revenue, which is needed for the operation’s survival.

Where Will Dairy Markets Go After Year of Change?

Where Will Dairy Markets Go After Year of Change?
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Sign-Ups Boom for Dairy Risk Program

Enrollment in Dairy Margin Coverage surged 27% for next year as farmers applied a key lesson of the pandemic. More than 17,000 farms will be protected in 2021 through USDA’s main dairy risk management program. That’s 68% of the operations with production history on file with the government, according to Monday’s numbers from the Farm Service Agency. “I still don’t think there’s enough farmers taking advantage of the program, but it’s a significant increase over last year, and I’m pleased with that,” said Zach Myers, risk education manager at the Center for Dairy Excellence. The leap in enrollment comes after many farmers, not expecting a payment, dropped coverage for 2020. Myers believes farmers were trying to rebuild their finances after a string of bad years.

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