News

USA: Dairy Margin Coverage program opening for 2024

Dairy
United States
Innovation & Technology
Published Feb 24, 2024

Tridge summary

The US Department of Agriculture (USDA) has opened enrollment for the 2024 Dairy Margin Coverage program, following a payout of over $1.2 billion to producers in 2023. The USDA has updated regulations to allow farmers to adjust to their latest milk production history. The margin levels for January will be determined at the end of the month, with retroactive payments expected to be issued from March 4th. This comes after dairy farmers in 2023 experienced the lowest margins ever recorded by USDA dairy margin programs in the past decade. Farmers are urged to enroll before the April 29 deadline.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

The USDA will open enrollment for the 2024 Dairy Margin Coverage program Wednesday. Farm Service Agency Administrator Zach Ducheneaux says more than $1.2 billion were issued to producers in 2023 with margins during 11 months triggering payments. Catastrophic coverage was granted in June and July of last year. USDA says it has revised regulations for farmers to adjust to their most recent milk production history as part of this year’s sign-up. Margin levels for January will be calculated at the end of the month and USDA will issue retroactive payments as soon as March 4th. ...
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