Dairy farmers have been taking it on the chin with falling milk prices for the past year or more. USDA’s Margin Protection Program (MPP), and USDA’s Livestock Gross Margin (LGM) Insurance for Dairy Cattle offer protection on the difference between a milk price and a feed ration consisting of corn, soybean meal, and for MPP, alfalfa hay. Despite significantly lower milk prices, dairy producer premiums and fees have far exceeded any distributed program benefits.
American Farm Bureau Federation (AFBF) and American Farm Bureau Insurance Services (AFBIS) are collaborating to develop a new dairy insurance product called “Dairy – Revenue Protection”. Similar to crop revenue protection policies this product would protect regional revenue (milk price x state-level milk yield per cow) rather than just milk price or the income-over-feed-cost margin. By protecting revenue this product that would offer regional risk management against both milk price and/or production declines.
If it hadn’t been for state cost-share money, Ronnie Nuckols said, he wouldn’t have been able to install 14 fences to keep his cattle out of streams.
Farm Bureau needs your help in contacting members of the House Agriculture Committee. Farm Bureau supports amending HB2030 to regulate production and sale of raw milk utilizing the principles above and deleting language regarding sale of uninspected meat and reinserting the language regarding other food products. Without such amendments, we oppose the bill.
Approximately 120 farmers from across the state attended Farm Bureau’s annual Legislative Day at the Capitol on Wednesday.
AFBF has endorsed bipartisan legislation in the House and Senate to repeal the federal estate tax. AFBF President Zippy Duvall said the bills are needed because farm families continue to face challenges in passing their family businesses to the next generation.
Cassidy Rasnick has been appointed Deputy Secretary of Agriculture and Forestry after Sam. T. Towell was appointed Attorney General for Civil Litigation.
President Trump withdrew from the Trans-Pacific Partnership on Monday, administration officials said. Mr. Trump sharply criticized the partnership agreement during last year’s campaign, calling it a bad deal for American workers.
President-elect Donald Trump has chosen former Georgia Gov. Sonny Perdue as his secretary of agriculture, and leaders of the nation’s and state’s largest agricultural organizations are pleased with that pick.
Agriculture Secretary Tom Vilsack will become the new CEO of the U.S. Dairy Export Council (USDEC) effective February 1, 2017. USDEC is a non-profit, independent organization that seeks to enhance the global demand for U.S. dairy products and ingredients.