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US Dairy Farmers to Receive Millions in Financial Assistance

05 August 2016

US - Agriculture Secretary Tom Vilsack has announced approximately $11.2 million in financial assistance to American dairy producers enrolled in the 2016 Margin Protection Programme for Dairy.

"We understand the nation's dairy producers are experiencing challenges due to market conditions," said Mr Vilsack.

"Dairy payments are part of a robust, comprehensive farm safety net that help to provide dairy producing families with greater peace of mind during tough times.

"By supporting a strong farm safety net, expanding credit options and growing domestic and foreign markets, USDA is committed to helping America's dairy operations remain successful."

The payment rate for May/June 2016 will be the largest since the programme began in 2014. The narrowing margin between milk prices and the cost of feed triggered the payments, as provided for by the 2014 Farm Bill.

TheCattleSite News Desk

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