USDA Extends Dairy Margin Protection Program Deadline
The USDA announced yesterday that the deadline to sign up for the dairy margin protection program has been extended to November 20 from the current September 30 deadline. They indicated that with fall harvest, this is a hectic time of year for many dairy farmers and wanted to give them additional time to get enrolled.
So far, the only dairy producers that have received a payment during 2015 are those producers that elected coverage at the $8 level. There was an extremely small payment in the Jan/Feb period and the May/Jun period and almost 50 cents per cwt in the Mar/Apr period.
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
Comments are closed.