Wisconsin dairy farmers consider risk management options

Wisconsin dairy farmers consider risk management options

A change to the Dairy Margin Protection Program means Wisconsin dairy farmers can choose to opt out of the federal program and turn to other risk management strategies.

The U.S. Department of Agriculture no longer requires farmers to enroll in the safety net program, Wisconsin Public Radio reported. Farmers previously had to enroll for the duration of the Farm Bill, which is passed by Congress every four years and sets federal agriculture policy.

The program pays farmers if price drops or other events impact income. But industry groups have been working to create alternatives to the program for the 2018 Farm Bill.

“It seems like there’s been a lot of money that’s been put into the federal treasury and very little of it’s actually went back to dairy farmers,” said Darin Von Ruden, president of the Wisconsin Farmers Union.

The American Farm Bureau Federation has proposed a Dairy Revenue Protection plan that would be similar to crop insurance.

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