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The USDA's Risk Management Agency (RMA) has approved a change in quarterly Dairy Revenue Protection (Dairy-RP) estimated milk yield per cow calculations for California, Texas and Illinois. Effective immediately, the change may make the federally subsidized milk revenue insurance program more financially attractive to dairy producers in those states seeking risk management protection.
The dairy industry’s path toward achieving sustainability goals has and will continue to pass through challenging terrain, but there are opportunities for those who successfully make the journey.
Two critical risk management deadlines are approaching in December. The deadline to sign up for the 2021 Dairy Margin Coverage (DMC) program is Dec. 11. The deadline to purchase first-quarter 2021 coverage under the Dairy Revenue Protection (Dairy-RP) program is Dec. 15.
The USDA’s October Milk Production report may have some in the dairy industry demanding a recount – of cows.
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