National Ag News
House Ag Committee members: MPP is a failure
Leaders of the House Ag Committee acknowledge the Dairy Margin Protection Program is a failure.
During testimony Wednesday, Chairman Michael Conaway of Texas said the underperformance of MPP resulted in very few producers purchasing buy-up coverage, leaving more of them exposed to market vulnerability. “While the industry is to be commended for making the fundamental shift away from farm support to margin protection, that will only be sustainable if MPP actually proves sufficient risk management going forward.”
Ranking Member Collin Peterson of Minnesota agrees, saying the original feed cost indicator formula needs to be restored… but convincing the Congressional Budget Office they’re wrong about the cost won’t be easy.
Continue reading House Ag Committee members: MPP is a failure at Brownfield Ag News.
