Foster Swift Agricultural Law Update
October 15, 2014
The new 2014 Farm Bill created a Dairy Margin Protection Program that will provide financial assistance to participating farmers when the margin is below the coverage level selected by the farmer. Enrollment in the program began on September 2, 2014 and will end on November 28, 2014 for 2014 and 2015. In a press release about the new program, USDA Michigan Farm Service Agency Executive Director Christine White said “The Margin Protection Program is an important tool that allows dairy producers to build a safety net that fits the needs of their operation.” “This program has the potential to assist 2,000 dairy farmers throughout Michigan where 386,000 head of cattle produce 9,679,143,000 pounds of milk,” said White. Be sure to contact your local USDA FSA office for more information about this new program and what it means for you and your farm.
Michigan USDA FSA press release regarding the new program: http://tinyurl.com/lomk2sq