Protecting Your Profits
Managing risk and protecting your profits on a dairy farm isn’t always easy, but it’s a necessary part of running your business. Welcome to the “Protecting Your Profits” podcast – a brief monthly update designed to give you the data, production trends, and national and statewide updates you need to manage your dairy’s risk management strategy.
Protecting Your Profits
March 2024: Protecting your profits, protecting your margin with DMC
We held a special "Protecting Your Profits" webinar in March. Jayne Sebright, Executive Director at the Center, led the webinar and invited Cynthia Walters, Agricultural Program Specialist with the USDA, to provide an overview of changes in the Dairy Margin Coverage (DMC) Program for 2024. With the Farm Bill extended through December, DMC enrollment is now open, with dairy farmers having until April 29 to enroll in the margin-based insurance coverage program.
Jayne Sebright also shared a short recap on where dairy markets are and what factors could influence the margins going forward in 2024.
To receive weekly dairy market updates via email each week, click here to subscribe and get the updates sent to you at no cost each week.