Extension Hosting USDA Dairy Margin Coverage Program Update
The USDA began accepting applications for the Dairy Margin Coverage (DMC) program October 17, 2022, for enrollment in 2023. The DMC program is designed as a risk management program, offering protection between the milk price received and the average feed price for a farm. This program is replacing the Dairy Margin Protection Program. The deadline to apply for this program is December 9, 2022. More information on the DMC program can be found on the Farm Service Agency’s website page at http://bit.ly/2023DMC.
For more information, please check here: 2022 DMC Meeting Nov 9th Press release
December Dairy E Newsletter
In a recent Extension webinar, Leonard Polzin, Extension Dairy Markets Outreach Specialist, shared his insights for the 2023 Dairy Margin Coverage Program. Enrollment remains open until December 9th, 2022, for interested producers. A recording of Mr. Polzin’s presentation is available at: https://youtu.be/371b2P4GkqE. For those not familiar with the program, DMC is a voluntary risk management program provided by the U.S. Department of Agriculture (USDA) and is available to dairy producers. This program helps producers manage risks associated with changing milk and feed prices. The margin protection program utilizes the All-Milk price less a ration cost to produce 100 pounds of milk. DMC ensures a producer-selected margin amount, thus providing milk price and feed price risk management.
For the full newsletter article, please visit this page: December Dairy E Newsletter
Fact Sheet for Pricing Standing Corn Silage
A factsheet updating corn silage pricing guidelines for the 2022 harvest season. Our goal is to provide educational resources for both buyers and sellers to negotiate a mutually agreeable price based upon market conditions and crop yield.
Historically, formulas based on corn plant height and corn grain yield have been used to estimate silage yield. Current data using these methods on modern hybrids is lacking, making the accuracy of these methods unknown.
For more information, visit the UW-Madison Division of Extension Corn Silage Aid webpage: https://cropsandsoils.extension.wisc.edu/articles/tools-for-pricing -standing-corn-silage/.
If you would like a copy of the Fact Sheet, click here: Buying Selling CS 7-18-2022 FINAL
Barron County UW-Extension Office
Barron County Government Center
335 East Monroe Avenue, Room 2206
Barron, WI 54812
Contact: Ryan Sterry, Regional Dairy Educator
Phone: (715) 531-1950