The USDA’s Farm Service Agency has extended the 2023 Dairy Margin Coverage (DMC) enrollment and coverage election period until Jan. 31, 2023. The program deadline was originally scheduled to close on Dec. 9, 2022.
As a reminder, producers will need to certify to commercially marketing milk, pay the $100 administrative fee and sign the DMC contract, selecting the annual milk volume and coverage level for the year.
Recent adjustments to DMC continue in effect in 2023. Small and midsized dairies can enroll in the Supplemental DMC and adjust annual milk production histories to 2019 levels, up to the 5-million-pound Tier I cap. Supplemental DMC coverage is applicable to calendar years 2021, 2022 and 2023.
Producers who did not enroll in Supplemental DMC last year should complete that enrollment before enrolling in the 2023 general DMC program. For producers who enrolled in Supplemental DMC in 2022, the supplemental coverage will automatically be added to the 2023 DMC contract.
Based on the online DMC decision tool as of Dec. 2, 2023 DMC margins were were projected to trigger indemnity payments for Tier I producers selecting the top $9.50 per hundredweight (cwt) coverage level for January through August.
Contact your county or state Farm Service Agency office for more information.
