The Dairy Margin Coverage (DMC) calculators have been nonstop in 2023. In July, the DMC hit its lowest level since the program began in 2019. Zach Myers with Maryland & Virginia Milk Producers gave an update on the overall snapshot of the DMC program in 2023 at the Dairy Financial and Risk Management Conference in Harrisburg, Pa.
Myers shared that more than 17,000 dairies enrolled in the program in 2023, representing 61% of the U.S. dairies. Other statistics he shared included:
156.20 billion pounds of milk enrolled
$1.128 billion in indemnities
$66,355 per enrolled dairy
By KAREN BOHNERT
September 27, 2023
dairyherd.com
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