Dairy farmers enrolled in the Dairy Margin Coverage Program for 2021 have received a coverage payment for the first six months of the year and an industry leader says USDA’s recently announced adjustments to the program will help even more as feed costs continue to squeeze margins.
“Our feed costs have gone up roughly 20 percent across the board, really being driven by corn and soybean prices.”
Mike Hutjens, professor emeritus at the University of Illinois, tells Brownfield the $100 million USDA has earmarked for an improvement to alfalfa prices won’t have the same impact on all dairy farms.
