USA: Dairy Producers Anticipate 2024 DMC Program for Improved Profitability
Sourse: The DairyNews
As dairy producers gear up for the new year, the outlook for milk prices in the first quarter appears less optimistic.
In response, producers are exploring alternative strategies, with a focus on the Dairy Margin Coverage (DMC) program, which proved beneficial in 2023.
The October milk marketing report revealed that DMC indemnity payments exceeded $1.27 billion, averaging $74,453 per dairy operation across 17,059 participating operations.
The extension of the current Farm Bill through Sept. 30, 2024, ensures stability, but producers await details on the 2024 DMC enrollment process for potential continued support.
Earlier The Dairy News writes: The hearing to consider possible changes to the federal milk marketing order system will resume in mid-January, but an industry leader says it should have wrapped up already.
The October milk marketing report revealed that DMC indemnity payments exceeded $1.27 billion, averaging $74,453 per dairy operation across 17,059 participating operations.
The extension of the current Farm Bill through Sept. 30, 2024, ensures stability, but producers await details on the 2024 DMC enrollment process for potential continued support.
Earlier The Dairy News writes: The hearing to consider possible changes to the federal milk marketing order system will resume in mid-January, but an industry leader says it should have wrapped up already.
