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...
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.
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