Background
On February 7, 2014, the 2014 Farm Bill was signed into law. The 2014 Farm Bill authorizes MPP-Dairy, a new dairy program, to replace the MILC program no later than September 1, 2014. The MPP-Dairy program is a voluntary program that provides dairy operations with risk management coverage that will pay producers when the difference (the margin) between the National price of milk and the average cost of feed falls below a certain level selected by the producers in a dairy operation.

This Report Also Includes:

• Basic MPP-Dairy Program Provisions
  
• MPP-Dairy Buy-Up Coverage
  
• Determining the Margin and Payment
  
• MPP-Dairy Program General Information
  
• Action Required
  
• Example of General Information Letter to Dairy Producers

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8.1.2014