Dairy Farm Resiliency Act
- Last Action
- 7/28/2023
Actions
- 2023-07-28Referred to the Subcommittee on Livestock, Dairy, and Poultry.
- 2023-06-14Referred to the House Committee on Agriculture.
- 2023-06-14Introduced in House
- 2023-06-14Introduced in House
CRS Summary
As of 2023-06-14 (00)
Dairy Farm Resiliency Act
This bill updates the Dairy Margin Coverage (DMC) program. (The DMC program was enacted in the 2018 farm bill to support dairy operations by allowing producers to buy a guaranteed margin for their milk production. The margin is the difference between the Department of Agriculture's [USDA's] national all milk price and a calculated feed cost, which provides producers optional risk protection on price and feed costs.)
The bill requires that a dairy operation's production history for DMC be based on the most recent three-year history and be recalculated every five years. (A participating dairy producer must have an established milk production history with USDA's Farm Service Agency.)
The bill also increases Tier 1 margin coverage for annual milk production to 6 million pounds or less (currently 5 million pounds or less) and Tier 2 margin coverage to over 6 million pounds (currently over 5 million pounds).
Cosponsors (8)
- Abigail Spanberger (D-VA)
- Derrick Van Orden (R-WI)
- Elissa Slotkin (D-MI)
- Claudia Tenney (R-NY)
- Brandon Williams (R-NY)
- Patrick Ryan (D-NY)
- Scott Fitzgerald (R-WI)
- Bryan Steil (R-WI)
Subjects
- Agricultural prices, subsidies, credit
- Agricultural trade
- Food supply, safety, and labeling
- Livestock
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.