March Margin Triggers Dairy Margin Coverage Program Payment
The U.S. Department of Agriculture’s Farm Service Agency (FSA) announced this week that the March 2020 income over feed cost margin was $9.15 per hundredweight (cwt.), triggering the first payment of 2020 for dairy producers who purchased the appropriate level of coverage under the Dairy Margin Coverage (DMC) program.
“This payment comes at a critical time for many dairy producers,” said FSA Administrator Richard Fordyce. “It is the first triggered DMC payment for 2020, and the first payment to dairy producers in seven months.”