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Milk Income Loss Contract (MILC) Payments is the name given by USDA to the dairy farmer counter-cyclical payments program, authorized by the 2002 farm bill (P.L. 107-171, Sec. 1502, 7 U.S.C. 7982). Under the program, dairy farmers nationwide are eligible for a federal payment whenever the minimum monthly market price for farm milk used for ...
These purchase prices are set high enough to enable dairy processors to pay farmers at least the support price for the milk they use in manufacturing these products. The 2002 farm bill (P.L. 107-171, Sec. 1501) mandated a support price of $9.90/ cwt , effective through December 31, 2007, when the program by law was scheduled to expire.
Dairy prices rose 1.2% in June from May, while the sugar index rose 1.9%, lifted in part by lower-than-expected harvest results in May in Brazil, the FAO said.
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Dairy Farmers of America Inc. (DFA) is a national milk marketing cooperative in the United States. DFA markets members' raw milk and sells milk and derivative products (dairy products, food components, ingredients and shelf-stable dairy products) to wholesale buyers both domestically and abroad. Net sales in 2016 were $13.5 billion ...
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(The Center Square) – One of Wisconsin’s largest dairy groups says the latest milk marketing proposal isn’t a win-win for Wisconsin dairy farmers, but it’s not a guaranteed loss either.
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