The former chairman of the House Ag Committee doesn’t think the next farm bill will include a big change to the Dairy Margin Coverage program. 

Collin Peterson tells Brownfield he doesn’t expect Congress will approve expanding the Dairy Margin Coverage program past the current $9.50 margin level.  “I do not, and I’m not sure it’s a good idea.” 

Peterson says when the DMC’s predecessor, the Margin Protection Program was rolled out, economists thought $6.50 above feed costs was the right amount to prevent impacting the market, but that was wrong. 

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