USDA Has MILC Information for Dairy Producers
Beginning February 5th - USDA will issue payments to dairy farmers enrolled in the Milk Income Loss Contract program for the September 2012 marketings. USDA Farm Service Agency Administrator Juan Garcia made the announcement Wednesday. MILC was extended through September 30th in the American Taxpayer Relief Act of 2012. USDA previously announced all MILC contracts would be automatically extended - so eligible producers do not need to re-enroll in the program. Those with approved contracts will continue to receive monthly payments as available.
USDA says the payment rate for September 2012 is approximately 59-cents per hundredweight. For October 2012 marketings - the payment rate is approximately two-cents per hundredweight. The payment rate for November 2012 marketings is zero. Dairy farmers need to complete a new Average Adjusted Gross Income form for 2013 before the October MILC payment can be issued. The new CCC-933 form is available at local USDA Service Centers and online at www dot fsa dot usda dot gov slash ccc933 (www.fsa.usda.gov/ccc933).
Dairy operations can choose a production start month other than October 2012. Those who wish to do so must visit their local FSA office during the month of February.
Additional information on program requirements, updates and signups will be provided to producers as it becomes available. More information on the program is available at www dot fsa dot usda dot gov (www.fsa.usda.gov).
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