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Risk Management/Crop Insurance Education Program

Dairy/Forage/Grain/Silage

The Margin Protection Program (MPP) for Dairy is a new program authorized under the 2014 Farm Bill.  Upcoming Registration/Coverage Periods are:    

2016:  July 1 - September 30, 2015               2017:  July 1 - September 30, 2016     2018:  July 1 - September 30, 2017    

The deadline for producers to seelct their coverage for the 2016 year is November 20, 2015.                                                                                                                                                 

MPP Dairy is administered by the USDA - Farm Service Agency (FSA) and has developed a decision tool to assist dairy producers in making enrollment decisions.  Contact your local USDA-FSA Office for more information.

Livestock Gross Margin (LGM) Dairy Insurance provides protection to dairy producers when feed costs rise and/or milk prices drop. Gross margin is the market value of milk minus feed costs.  LGM Dairy uses future prices for corn, soybean meal and milk (Class III) to determine the expected gross margin and the actual gross margin.  Click here for the LGM Dairy Fact Sheet.   Dairy producers who enrolled in the MPP-Dairy are not eleigible for LGM Dairy.

 

Grain & Silage Corn may be covered with yield protection or revenue protection or a combination of yield and revenue protection under Federal Crop Insurance. Click here for a fact sheet on the corn policy.

Pasture, Rangeland, Forage Pilot Insurance Program.   This innovative pilot program, available to Massachusetts producers for the first time beginning with the 2016 crop year, is based on precipitation, Rainfall Index. This program is designed to give producers the ability to buy insurance protection for losses of forage produced for grazing or harvested for hay, which result in increased costs for feed, destocking, depopulating, or other actions.  No record keeping is required.  Sales closing date is November 15, 2015.  Contact an authorized Federal crop insurance sales agent for more details including a quote.  

To contact an authorized Federal crop insurance sales agent, click here.

There are no Federal Crop Insurance programs for hay and forage crops.  USDA - Farm Service Agency can provide protection under the Non-Insured Crop Disaster Assistance Program (NAP).  New for the 2016 crop year to the NAP policy for hay crops is that quality losees are now covered.  Contact your local USDA-FSA Office for more information.

 

For further information, contact UMass Extension Risk Management Specialists, Paul Russell at pmrussell@umext.umass.edu or Tom Smiarowski at tsmiarowski@umext.umass.edu .