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ARLINGTON, VA – The National Milk Producers Federation today thanked Congress for passing and sending to the White House legislation extending the ability of farmers and small businesses to write off capital purchases immediately instead of over time by use.

The so-called “tax extenders” bill reinstates Section 179 tax credits for 2014 only. NMPF had strongly supported including the provision in legislation extending more than 50 expired tax breaks for one year. The bill passed the Senate Tuesday evening, and is expected to be signed by President Obama. It passed the House earlier this month.

“Dairy farming requires significant investments in machinery and equipment,” said NMPF President & CEO Jim Mulhern. “By allowing producers to immediately write off these purchases, extending Section 179 gives producers a year-end incentive to invest in their businesses while it reduced their record-keeping burden.”

The National Milk Producers Federation said today a new food safety study from the U.S. Centers for Disease Control and Prevention presents a powerful argument against efforts to ease restrictions on the sale of raw milk to consumers.

According to the study, which will appear in the January 2015 issue of the CDC journal Emerging Infectious Diseases, the average number of foodborne illness outbreaks associated with drinking unpasteurized milk has more than quadrupled in recent years, as states approved more laws allowing retail sale of raw milk.

CEO’S CORNER


Jim Mulhern
NMPF President
& CEO

 

During this year’s holiday season, it is appropriate for most of us in the dairy community to take a moment to give thanks for 2014’s bounty.

Introducing the New Margin Protection Program

On August 28, 2014, the U.S. Department of Agriculture announced details for a long-awaited and much-improved safety net for dairy farmers. Developed by the National Milk Producers Federation and five years in the making, the new Dairy Margin Protection Program, or MPP, is the most significant rewrite of dairy policy in more than a generation. Sign-up started Tuesday, September 2 and continues through Friday, December 19.

 

Use our website www.futurefordairy.com to find up-to-date information on how the program will work and how it can help limit the volatility in farmers’ margins.

 

A regular, detailed update on the margins between milk prices and feed costs can be downloaded from the Margin Protection Program webpage.

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