Sign Up Deadline for DMC Coverage and CFAP 2 Approaching
The enrollment period is currently open at your local FSA office to sign up for Dairy Margin Coverage (DMC) and will end this coming Friday, Dec 11, at 5 p.m.
Although it’s not perfect, DMC is a solid baseline risk management option, especially for dairies at or near 5M lbs of historic milk production. Looking ahead to 2021, the first half of the year for milk prices is forecast to be fairly bleak. Couple that with more cheese production in 2021 and no election (and likely, no or significantly less government payments directed toward dairy), risk exposure is likely to be high.
As for CFAP 2, if you have not yet signed up for that program, USDA recently released an article debunking myths about the CFAP 2 program that have kept farmers from signing up.
Contact your local FSA office to enroll in these programs.