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Margin Protection Program enrollees can update production history when an eligible family member joins the operation
[/title][fusion_text]Tuesday, April 12th 2016
Agriculture Secretary Tom Vilsack today announced that dairy farms participating in the Margin Protection Program (MPP) can now update their production history when an eligible family member joins the operation. The voluntary program, established by the 2014 Farm Bill, protects participating dairy producers when the margin – the difference between the price of milk and feed costs – falls below levels of protection selected by the applicant. The U.S. Department of Agriculture’s (USDA) Farm Service Agency (FSA) published a final rule which makes these changes effective on April 13, 2016. Any dairy operation already enrolled in the Margin Protection Program that had an intergenerational transfer occur will have an opportunity to increase the dairy operations production history during the 2017 registration and annual coverage election period. The next election period begins on July 1, 2016, and ends on Sept. 30, 2016. For intergenerational transfers occurring on or after July 1, 2016, notification must be made to the FSA within 60 days of purchasing the additional cows. Each participating dairy operation is authorized one intergenerational transfer at any time of its choosing until 2018. USDA has provided $5.6 billion of disaster relief to farmers and ranchers; expanded risk management tools with products like to Whole Farm Revenue Protection; helped farm businesses grow with $36 billion in farm credit; provided $4.32 billion in critical agricultural research; established innovative public-private conservation partnerships such as the Regional Conservation Partnership Program; developed new markets for rural-made products, including more than 2,500 biobased products through USDA’s BioPreferred program; and invested $64 billion in infrastructure, housing and community facilities to help improve quality of life in rural America. For more information, visit www.usda.gov/results. For more information, visit FSA online at www.fsa.usda.gov/dairy or stop by a local FSA office and ask about the Margin Protection Program. To find a local FSA office in your area, visit http://offices.usda.gov.
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