Producers participating in USDA's Milk Income Loss Contract program will receive payments for March.
USDA makes MILC payments on a monthly basis when the Boston Class I milk price falls below $16.94 per hundredweight after adjustment for the cost of dairy feed rations.
The MILC payment trigger price of $16.94 is adjusted upward when the National Average Dairy Feed Ration Cost for a month is greater than $7.35 per hundredweight.
USDA's National Agricultural Statistics Service releases the data for determining the Average Dairy Feed Ration Cost monthly. Using this information, the MILC payment trigger for the month of April has been adjusted to $21.60, for a final MILC payment rate of $1.2109586 per hundredweight.
For more information, visit the Farm Service Agency office or visit www.fsa.usda.gov/Internet/FSA_File/milc2011.pdf.
