Dairy Report: August Dairy Margin Coverage Payments Triggered
There’s important information about Dairy Margin Coverage (DMC) payments. It’s reported that payments will be triggered for August in tier one. No payments will be targeted for tier two. That is based on the difference between the national all-milk price and the national average feed cost. The national average margin for August was $8.08 per cwt. That triggers payments for those in the margin coverage levels of $8.50, $9.00 and $9.50. The payment rates for each level are $0.42 per cwt., $0.92 per cwt. and $1.42 per cwt. respectively.
By AGDAY TV
October 6, 2022