By Richard Fordyce, Farm Service Agency Administrator
Each June, we celebrate National Dairy Month! Since 1937, this month has been set aside to mark the importance of the dairy industry and the products it produces to America’s agricultural sector and to hundreds of millions of Americans and consumers around the world.
Many of the country’s 37,000 dairy farms are family-owned, and more than 3 million jobs are supported, with $38 billion in direct wages for workers, by the U.S. dairy industry.
Times are tough for America’s dairy industry. Costs are high, and margins have been squeezed. In fact, the dairy industry is now in its fifth consecutive year of low prices, which – at least in part – prompted more than 2,700 dairy farms to go out of business in 2018 alone.
Dairy Margin Coverage Program
USDA is working to support dairy producers. One way is through the Dairy Margin Coverage (DMC) program, which producers can begin signing up for this week. The signup began Monday and runs through Sept. 20. USDA has partnered with the University of Wisconsin-Madison to provide a DMC decision tool that will help producers make coverage choices that will best benefit their individual dairy operation. Continue reading