USDA Announces Safety Net Assistance for Milk Producers Due to Tightening Dairy Margins

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08/04/2016 10:00 AM EDT

WASHINGTON, Aug. 4, 2016 – Agriculture Secretary Tom Vilsack today announced approximately $11.2 million in financial assistance to American dairy producers enrolled in the 2016 Margin Protection Program for Dairy (MPP-Dairy). The payment rate for May/June 2016 will be the largest since the program began in 2014. The narrowing margin between milk prices and the cost of feed triggered the payments, as provided for by the 2014 Farm Bill.