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Margin Protection Program Pays Out to Dairy Producers

Margin Protection Program Pays Out to Dairy Producers

Photo: WNAX


Agriculture Secretary Tom Vilsack announced that dairy producers enrolled in the Margin Protection Program will get $11.2 million in payments due to low milk prices. South Dakota Dairy Producer Association President Marv Post says while it’s some help for producers, it’s not enough.

He says most of the aid is going to smaller operators.

Post says dairy producers should at least consider signing up for the Margin Protection Program with the 2017 enrollment period deadline coming up September 30.

Dairy Margin Protection payments are triggered when the national average margin or the difference between the price of milk and the cost of feed falls below a level of coverage selected by the dairy producer. It ranges from $4 to $8 per hundred weight for a specified consecutive two-month period.