Dairy Margin Coverage Production History Adjustment and Program Extension
other · Commodity Credit Corporation · Rule · Published 2024-02-27 · Effective 2024-02-27 · 89 FR 14372
Document
Document number
2024-03991
Federal Register citation
89 FR 14372
CFR reference
7 CFR 1430
Type
Rule
Action
Final rule.
Category
other
Sub-agency
Commodity Credit Corporation
Publication date
2024-02-27
Effective date
2024-02-27
USDA docket
Docket No. FSA-2024-0001
Abstract
This rule revises the regulations for Dairy Margin Coverage (DMC) as required by the Further Continuing Appropriations and Other Extensions Act, 2024, which extends provisions of the Agriculture Improvement Act of 2018 (2018 Farm Bill) and amends the Agricultural Act of 2014 (2014 Farm Bill) to allow eligible dairy operations to make a one-time adjustment to established production history and extend DMC through 2024. In addition, the rule extends eligibility of multi-year (lock-in) contracts for an additional year until December 31, 2024, and applies the discounted DMC premium rate to the newly established adjusted base production history.