RD726 - Annual Report on the Dairy Producer Margin Coverage Premium Assistance Program – December 1, 2022


Executive Summary:

At the end of the first program year, 165 dairy farms applied to the Dairy Producer Margin Coverage Premium Assistance Program (Program), and 157 dairy farms were reimbursed for a total of $682,612 of funds disbursed. The Virginia Department of Agriculture & Consumer Service (VDACS) found that the Program encouraged some dairy farms that would ordinarily hesitate to enroll in the federal Dairy Margin Coverage (DMC) program to take advantage of the DMC program offered by the U.S. Department of Agriculture’s Farm Service Agency.