Dairy Margin Protection Program Deadline Extended
On December 4, one day before the original deadline, USDA announced that the application deadline for the Dairy Margin Protection Program (MPP) will be extended until December 19, 2014. Established by the 2014 Farm Bill, the program protects participating dairy producers when the margin -difference between price of milk and feed costs – falls below the level of protection selected by the applicant. USDA also urged agricultural producers to utilize an Internet resource, www.fsa.usda.gov/mpptool, to calculate the best levels of coverage applicable to their dairy operation. PA Secretary of Agriculture George Grieg noted that producers should see that the cost is only a $100 administrative fee in order to have a $4 margin that covers 90% of the farm’s annual production. In addition to the Farm Services Agency (www.fsa.usda.gov ), PDA‘s risk management specialist, Jordan Stasyszyn may be reached at 717/705-9511 or email@example.com.