Download U.S. dairy support programs : farm bill provisions and gross by Carla Edie PDF

By Carla Edie

ISBN-10: 1633217515

ISBN-13: 9781633217515

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1404(b)(3)] Annual administration fee. An annual administration fee of $100 is required per dairy operation participating in MPP. [Sec. 1404(c)(2)] Relationship to Livestock Gross Margin for Dairy Program (LGMD): A dairy operation may participate in either MPP or the LGM-D, but not both. [Sec. 1404(d)] Production History. L. 113-79) Prior Law/ Policy—Dairy No comparable provision. No comparable provision. No comparable provision. L. 113-79) 2011, 2012, or 2013. In subsequent years, USDA shall adjust the production history to reflect any increase in the national average milk production.

L. 113-79) Prior Law/ Policy—Dairy No comparable provision. L. 113-79) All-Milk Price: the national average price received, per cwt. of milk, by dairy operations. [Sec. 1401(2)] No comparable provision. Average Feed Cost: the average price paid for feed used by a dairy operation to produce a cwt. 0137 x (alfalfa hay price per ton). [Sec. 1401(3)] No comparable provision. -Dec. [Sec. 1401(4)] No comparable provision. Dairy Operation. An individual or entity that shares in the risk of producing milk and contributes land, labor, management, equipment, or capital to the dairy operations.

A short summary is provided here. LGM-Dairy is similar to a “bundled option strategy,” purchasing a put option on class III milk futures as well as call options on corn and soybean meal futures. For a short window of time each month, from the last business Friday of each month until the next evening, producers can purchase the insurance for a 10-month period beginning with the second month after the offering month. For example, on the last business Friday of March, coverage can be purchased for milk produced the following May through February.

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