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A closer look at MPP-Dairy sign-ups

Fri, 01/23/2015

by Dennis Halladay, Hoard’s Dairyman Western Editor

Taking a chance with MPP-DairyThere were some surprises in who signed up for the Dairy Margin Protection Program (MPP-Dairy), according to figures announced recently by USDA.

The biggest surprise is who didn’t sign up: almost half of all dairies in the country

Getting a $4 per hundredweight safety net for just $100, even if it’s only a catastrophic meltdown net that might not ultimately save anyone from bankruptcy if it came into play, seems like a no-brainer. And yet, nearly half of all milk producers disagreed.

Nevada had the highest sign-up rate of all states at 90 percent; Utah was second at 80 percent. Wyoming was the lowest at just 5 percent; Alabama was next at 29 percent. The nation’s biggest dairy states, California and Wisconsin, had sign-up rates of 69 and 54 percent, respectively. Read more

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