Dairy Margin Coverage (DMC) payments have been a small bright spot in dairy producers’ pocketbooks throughout 2023 as milk prices tumble and feed costs skyrocket. For the first half of the year, nearly $612 million in government payments have been issued, a vastly different picture compared to last year.
With milk prices more favorable in 2022, only $83.7 payments were issued with the average operation receiving $4,662 in total. In comparison, each operation enrolled in DMC has received an average of $36,137 during the first half of the year – and there are still six more potential payment months to go.
The Dairy State has received the most money thus far with more than $136 million in payments issued across the state’s 4,256 operations enrolled. Here’s how other major dairy-producing states faired:
By TAYLOR LEACH
August 4, 2023
bonsilage.com
