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Article: Dairy producers given sign-up deadline
- Article from:
- Sun-Journal Lewiston, Me.
- Article date:
- March 24, 2006
CopyrightCopyright 2006 Sun-Journal Lewiston, Me. Provided by ProQuest LLC. (Hide copyright information)
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OXFORD - Gary Raymond, acting county executive director for USDA's
Farm Service Agency in Oxford County, announced that dairy producers
have until May 17 to sign up for the extended milk-income-loss-
contract program.
"From Oct. 1, 2005, through Aug. 31, 2007, a dairy operation's
monthly payment will equal the milk quantity sold in that month
multiplied by 34 percent of the difference between $16.94 per
hundredweight and that month's domestic class I milk price," Raymond
said. "The 2002 Farm Bill originally set the payment rate factor at
45 percent."
Program payments will begin following sign-up. Participating dairy
operations must select the month they want to start receiving
payments for ...