With 2017 about to be over, producers have a few weeks to decide if they want to re-enroll in the Margin Protection Program for Dairy or go for the Livestock Gross Margin insurance program instead. Just in case producers have had their heads buried in managing their operations this year, Sonny Perdue, who is the U.S. Agriculture Secretary, announced that it would be possible to opt-out of the MPP program early this year.
According to eDairyNews, farmers have until December 15, 2017 to enroll in the Margin Protection Program. Those who would like to continue coverage in 2018 can follow the same process. Please keep in mind that those who would like to take a pass do not have to fill out any paperwork to opt-out of the program. However, they will still have to pay for 2017 coverage rates.
Alan Zepp, who is a Center for Dairy Excellence risk management specialist, says that the MPP was designed to protect farmers against catastrophes. While LGM-Dairy has been providing better protection this year, things could change in 2018. Zepp cautions farmers to check with crop insurance agents regarding the completion of their policies. Here is the link to the article from eDairyNews.
So have you decided if you’re going for MPP or LGM next year? Let us know! Continental Search has the latest dairy industry jobs, industry news, and updates, as well. Follow #ContinentalSearch on Facebook and LinkedIn for dairy job openings in your area and other jobs in animal nutrition.
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