With milk prices projected to remain at low levels for the remainder of 2018, officials are encouraging dairy farmers to protect themselves financially by participating in the Margin
Protection Program.
New products coming out and changes to the Margin Protection Program and the new enrollment period are opportunities for dairy farmers to evaluate their risk management plans and choose tools that could fit for their farm operations, officials said.
The Bipartisan Budget Act of 2018 included several changes to risk management tools available to dairy farmers through an insurance product and a program administered by the USDA Farm Service Agency (FSA). Livestock Gross Margin-Dairy (LGM) is a long-standing insurance product that dairy farmers can purchase through their crop insurance…
