The deadline for sign-up for the 2021 Dairy Margin Coverage (DMC) program ends Friday, December 11, 2020. There are currently 6,300 operations enrolled for 2021 coverage.
Recent projections have the income-over-feed-cost margin under the $9.50/cwt. coverage level for the first eight months of 2021, for an average margin of $8.22/cwt.
The DMC Decision Tool at, https://dairymarkets.org/dmc/ , has forecasted that the $9.50 coverage level would be protecting an average milk price of $19.34/cwt. for 2021.
National Milk Producers Federation (NMPF) is hosting a webinar at 12:30 p.m. (CST), Wednesday, December. 2. The webinar will examine the milk and feed price forecast and forecast margins and analyze how the DMC program will offer farmers protection against price volatility.
The webinar is free and you can register here. If you can’t attend, a recording will be available on myDFA.
See a National All-Jersey Inc. video reviewing 2019-20 Dairy Margin Coverage and projections on the 2021 program here.