date:Aug 05, 2016
Agriculture Secretary Tom Vilsack announced today that approximately $11.2 million in financial assistance will be available to American dairy producers enrolled in the 2016 Margin Protection Program for Dairy (MPP-Dairy). The payment rate for May/June 2016 will be the largest since the program began in 2014. The narrowing margin between milk prices and the cost of feed triggered the payments, which are provided for through the 2014 Farm Bill.
We understand the nation's dairy producers are expe