The Milk Production Report takes Mark and Bob by surprise. Milk production in the U.S. and in Europe is slowing and it leaves room for price optimism. But, Bob is still a bit stingy with his forecast. The video is about 14 minutes long. The outlook video is about 14 minutes long and you can access it here or from the Podcast section of the web site.
The Bipartisan Budget Act made changes to the Margin Protection Program including an increase in the volume of milk in Tier 1 and a substantial reduction to premium rates in Tier 1. We have updated our MPP Decision Tool to reflect those changes. Signup for 2018 is retroactive to cover the entire calendar year and will take place through June 1, 2018.
Farm Credit East has posted a recording of a jointly sponsored webinar with DMaP containing detailed information and analyses of this year's MPP.
There is a new Information Letter Which looks at Concentrated Animal Feeding Operations Permits on Public Notice ‐ Dairy Cattle (CAFOs). The purpose of this is to provide a new leading indicator for future growth of milk supply in the United States.
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