The extension of the 2018 Farm Bill has put sign-ups for this year’s USDA Dairy Margin Coverage Program on hold.
American Farm Bureau says the extension incorporated supplemental Dairy Margin Coverage production history in the bill, but a new rule needs to be published in the Federal Register before farmers can benefit.
Economist Danny Munch expects the process to be delayed by a couple of months but the USDA would make retroactive payments in margins meet program thresholds. Those numbers will be available at the end of January.
