With farmers receiving a $300 million financial boost via the 2019 Dairy Margin Coverage Program, signup is now underway for the 2020 program. But every year is different, and Chris Galen, NMPF’s Senior Vice President for Member Services and Strategic Initiatives, said farmers should be paying attention to prices, production histories and financial priorities as they consider their 2020 signup options.
“For those who aren’t locked in for the full five years, you have several choices to make,” he said. “You have to look at, do you want to ensure again at the $9.50 per hundredweight maximum coverage level, or is there a level below that, that you want to pay for? Again, the premiums are higher, the higher the levels of coverage that you choose.”
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