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Minnesota Economist Says New Dairy Margin Protection Program Is Beneficial

Minnesota Economist Says New Dairy Margin Protection Program Is Beneficial

Photo: WNAX


Dairy farmers will soon see changes in insurance programs designed to help them get through the current low price cycle. Marin Bozic is Assistant Professor in the University of Minnesota Department of Applied Economics. He says the Bi-partisan Budget Bill passed in February contained needed changes to the Margin Protection Program which he believes will make the program more effective.

Bozic says USDA will open the sign-up for MPP the first part of April and he hopes dairy producers will give the program a second chance.

He says it’s possible there will be additional changes to MPP is the upcoming farm bill.

Bozic is also working with the American Farm Bureau Federation on a revenue and risk management product that has been approved by RMA called the Dairy Revenue Protection program.
Ag Secretary Sonny Perdue has announced the enrollment period for the new dairy margin protection program runs from April 9, 2018 to June 1, 2018.

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