December 3rd, 2020
12:00am - 1:00am
The Dairy Margin Coverage (DMC) program is an important risk management tool which dairy producers have access to from the USDA-Farm Service Agency. This voluntary insurance product allows producers to protect against low margins, specifically the difference between the announced All Milk price and the calculated feed costs to produce milk. Producers must sign up for the DMC through their local Farm Service Agency office by December 11, 2020.
UW-Madison Division of Extension is providing dairy producers an extra opportunity to help ensure they are making the correct DMC coverage level decision for their operation. Mark Stephenson, Director of Dairy Policy Analysis and the Center for Dairy Profitability with UW-Madison, will be presenting through a free webinar offered live on Thursday, December 3, at 12pm. Dr. Stephenson will concisely review the DMC program, demonstrate how the DMC Decision Tool can assist producers in their decision-making, and give an overview of market conditions which may impact the level of coverage producers want to select for the 2021 program.
Pre-registration is required by emailing firstname.lastname@example.org. Questions can be sent to Scott Reuss, Extension Marinette County Agriculture Agent at 715-732-7510.