Razor-thin margins have triggered insurance payments to dairy farmers almost every month of 2023.
American Farm Bureau Federation’s Danny Munch tells Brownfield all farmers enrolled in the USDA Dairy Margin Coverage Program for the first time received catastrophic payments during the summer.
“For the first time in the program’s history, in both the months of June and July, the milk margin calculated under Dairy Margin Coverage was below that $4 per hundredweight catastrophic coverage level—so very tight margins,” he says.
