Dairy Margin Coverage payments are triggered again

By Teodora Lyubomirova

- Last updated on GMT


Related tags Dairy farming Dairy Usa

The August milk margin triggered the eighth consecutive payment for dairy producers who obtained Dairy Margin Coverage (DMC) for the 2023 program year.

August’s income over feed margin is $6.46 per hundredweight (cwt.) with projected DMC payments totaling $120m. To date, including the projected August payments, dairy producers have received more than $1.2bn for 2023, USDA said.

Margin forecasts indicate the likelihood of more to come before the end of the calendar year. 

FSA administrator Zach Ducheneaux commented: “While livestock and crop producers alike have been financially impacted by catastrophic natural disaster events, dairy producers’ financial stressors have been compounded by significant market volatilities. Dairy Margin Coverage is a key risk management tool for dairy operations to financially endure the numerous, and often unpredictable uncertainties that adversely impact market prices for milk.”   

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