OK dairy farmers, it’s now up to you!
Do you as a dairy farmer really think the margin insurance program will help you to manage your farm in a more efficient way? Well, let’s look at it realistically! The Secretary of Agriculture announced on Jan. 12 that slightly over 23,000 dairy farmers signed up for the margin insurance program. Now however, nearly one half of those producers signed up for the minimum coverage of $4 per hundred weight (cwt). Allegedly, there are 46,000 dairy farmers in the United States. These figures mean that between 34-35,000 dairy farmers did not sign up for the program, or took only the minimum coverage. This is a long ways from being a real exciting support for the program. [Read more…]