MPP Deadline Extended

Secretary of Agriculture Tom Vilsack announced that the deadline to sign up for the dairy Margin Protection Program (MPP) will be extended to Friday, November 20th. Secretary Vilsack acknowledged that fall is a busy time of the year and that the additional seven weeks will give dairy farmers time to make the decision to use the MMP in 2016.

Margin Protection Program for Dairy

It’s that time of year. Haying time? Yes, but not what I was thinking!

It is time to enroll in the Margin Protection Program (MPP) for 2016. The enrollment period for the 2016 MPP began on July 1, 2015 and will end on September 30, 2015. If you recall when you enrolled in MPP at the end of 2014, you signed up to participate in MPP until 2018 and need to pay a $100 administrative fee each year. You’re not just paying a fee, though; this also nets you the “catastrophic” coverage of a $4.00/cwt margin. Producers who have previously enrolled will receive a 2.61% “bump” on their production history. If you haven’t enrolled previously, now is an excellent time to consider if this program is a good risk management tool for your operation. Continue reading