Economic Update: First-quarter 2021 DMC payments top $343 million (JAV)

January-March 2021 DMC payments top $343 million The USDA’s Farm Service Agency (FSA) distributed another $120 million to dairy farmer participants in the Dairy Margin Coverage (DMC) program in early May, covering indemnity payments on March milk marketings. Through May 3, DMC indemnity payments for the first three months of 2021 have now hit nearly $343.7 million. The March DMC milk income over feed cost margin was just $6.46 per hundredweight (cwt), triggering indemnity payments on Tier I and Tier II milk insured at $6.50 per cwt and above. (Read: DMC payments will be large for March milk.) ...