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Mapping the Size of Dairy Safety Net Programs: Comparing MILC and the Margin Protection Program

John Newton and, Todd Kuethe (July, 2014)

Summary

In today's article we will review the historical performance of the Milk Income Loss Contract (MILC) program using data provided by USDA Farm Service Agency (FSA). Then, we will demonstrate how the Margin Protection Program (MPP), by increasing production coverage to be more accommodating to all U.S. dairy producers, offers a larger safety net program and is capable of providing considerably more production coverage than the existing, and soon to be expired, MILC program.