USDA Provides Additional Data on Dairy Farms Enrolled in Margin Protection Program
The U.S. Department of Agriculture provided more specific information about the extent of coverage chosen by dairy farmers enrolled for 2015 in the new Margin Protection Program, including a state-by-state breakdown of the percentage of farms using the new safety net.
In January 2015, more than half of U.S. dairy operations were enrolled in the MPP. USDA provided an estimate that 55% of those farms elected to pay additional premiums to purchase a higher level of coverage, above the basic, $4 per hundredweight level offered for $100 per year.
More than Half of U.S. Dairy Farms Enroll in New Margin Protection Program
USDA announced that more than half of U.S. dairy operations have enrolled in the new Margin Protection Program for dairy in 2015, “an encouraging start to this crucial new safety net program for our industry,” said Jim Mulhern, President and CEO of NMPF.
The USDA reported that more than 23,000 dairy operations signed up for the program during the three-month window that ran until December 19, 2014. That sum represents about half of the overall number of dairy farms in America.