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DMC Payments Surpass $611 Million for the First Half of 2023


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

dairyherd.com

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