Dairy producers using the USDA Risk Management Agency (RMA) Dairy Revenue Protection (Dairy-RP) program will have an additional income safety net covering milk production losses due to natural disasters starting with the 2023 crop insurance year.
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USDA’s Federal Milk Marketing Order (FMMO) program was established in the 1930s with a simple policy objective to stem destructive competition in milk markets.
Digest highlights
- April Class IV milk price tops $25
- Senate kicks off 2023 Farm Bill field hearings
- Calgren Dairy Fuels receives California Dairy Sustainability Award
- Planting progress continues to lag
- OMB reviewing FDA’s draft guidance on plant-based dairy alternative labeling
- White House plans ‘hunger, nutrition and health’ conference in September
- USDA proposes rule regarding the Livestock Dealer Statutory Trust
Stronger milk prices and tighter supplies of cows and heifers pressured U.S. average prices for dairy replacements higher in April according to latest estimates from the USDA. Meanwhile, cull cow prices to end the first quarter of 2022 were the highest in more than six years.
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