Feed costs and milk supply and demand are squeezing the income-over-feed-costs margins for dairy producers. The Dairy Margin Coverage (DMC) has paid out since corn and soybean prices started to climb last fall, and the drought conditions in many parts of the country have not helped with alfalfa prices. The DMC uses a feed cost formula based on 59 percent corn (bushel * 1.192), 27 percent alfalfa hay (ton * .0152) and 14 percent soymeal (ton * .00817) to subtract from the-all milk price to calculate the margin. Margins below $9.50 per cwt are eligible for payments. Margins of $4.00 per cwt trigger payments, and between $4.50 and $9.50 per cwt producers have to pay premiums for the coverage.
The DMC program was created i...
A pika (/ˈpaɪkə, ˈpiːkə/ PY-kə, PEE-kə[3][4]) is a small, mountain-dwelling mammal native to Asia and North America. With short limbs, a very round body, an even coat of fur, and no external tail, they resemble their close relative the rabbit, but with short, rounded ears.[5] The large-eared pi...
Lobelia (/loʊˈbiːliə, lə-/[4][5][6]) is a genus of flowering plants in the family Campanulaceae comprising 415 species,[7] with a subcosmopolitan distribution primarily in tropical to warm temperate regions of the world, a few species extending into cooler temperate regions.[8] They are known g...
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