This is your chance to chime in and have your thoughts heard.
Some of the nation's best and bright dairy economists will be rolling out important educational tools for those dairy producers who wish to use the Margin Protection Program for Dairy (MPP-D). By completing this 16-question survey, those specialists can better develop web-based, written and conference tools designed for you. To complete the survey, go to http://bit.ly/MPPSurvey1.
Our team filled out the survey for the Hoard's Dairyman Farm. It took us roughly 4 minutes to answer the 16 check-box questions. There's also a second section for those who want to delve deeper into the dairy protection plan.
While our industry has been experiencing excellent margins, that wasn't the case five years ago. If you were milking cows in 2008 and 2009, you vividly remember that dire situation. Now is the time to prepare for the next economic downturn as the economic pendulum always swings both ways.
As many know, the Margin Protection Program for Dairy (MPP-D) is the cornerstone of the new federal dairy safety net for U.S. dairy producers. Whether or not you decide to use the plan for your farm's risk protection will be your choice. However, if you pass on it, you will have to use the futures market, LGM-Dairy (Livestock Gross Margin Insurance) or fly solo because there will be no other choices in the next five years.
