The January Dairy Margin Coverage (DMC) income over feed costs was calculated at $8.48/cwt. This means that milk protected at the $9.50 level will receive indemnity payments of $761.56 for each one million pounds enrolled. Sign up for the 2024 DMC program just opened and remains open until April 29.
Eligible producers enrolled in the DMC program received indemnity payments 11 out of the 12 months in 2023, receiving an average of $2.80 per cwt. per month.
Phil Plourd, president of Ever.Ag Insights, says this was a good news-bad news kind of story.
By KAREN BOHNERT
March 1, 2024
