How Is the Margin Protection Program Performing for Tennessee Dairy Producers?

Andrew P. Griffith, David Bilderback and Liz Eckelkamp

No 302909, Extension Reports from University of Tennessee, Department of Agricultural and Resource Economics

Abstract: The Margin Protection Program (MPP) for dairy producers was established by the Agricultural Act of 2014 (2014 Farm Bill) to reduce the market risk of dairy producers associated with the all-milk price and average feed costs. However, the MPP was amended in 2018. This article: 1. Summarizes key changes to the MPP program as a result of the 2018 amendments; 2. Summarizes the technical performance of the program, as originally established in the 2014 Farm Bill; 3. Summarizes, retrospectively, the technical performance of the program, as amended by the Bipartisan Budget Act of 2018; and 4. Summarizes feedback on the MPP provided to the authors by Tennessee dairy producers.

Keywords: Agricultural and Food Policy; Farm Management; Livestock Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 4
Date: 2018-05-01
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Persistent link: https://EconPapers.repec.org/RePEc:ags:utaeer:302909

DOI: 10.22004/ag.econ.302909

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