The Dairy Margin Protection Program was designed to protect from unfavorable margins.
By: Mary Lou Peter, K-State Research & Extension News
Kansas State University will host a webinar on the Dairy Margin Protection Program of the 2014 Farm Bill Oct. 28 at 10 a.m. CDT.
The free, one-hour webinar by K-State Research and Extension associate Robin Reid, will give a comprehensive view of the program and how producers might use it to manage risk in their operations.
Also called the MPP-Dairy program, it is a voluntary risk management program to protect dairy producers from unfavorable margins that can occur between the price of milk and the cost of feed inputs. It replaces the Market Income Loss Coverage (MILC) program of the 2008 Farm Bill.
“This is not a price support program like traditional dairy programs have been,” Reid said, adding that producers are eligible to participate if they have current commercial milk marketings from cows located in the United States, are U.S. citizens, are actively engaged in the operation, and are in conservation compliance.
Registration for the 2015 MPP-Dairy program ends on November 28th, 2014, so now is the time to learn more about the program and make a sign-up decision, she said.