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Overview
The Food, Conservation, and Energy Act of 2008 (2008 Farm Bill) reauthorizes the Milk Income Loss Contract (MILC) Program through September 30, 2012. The USDA Farm Service Agency?s (FSA) MILC Program supports the dairy industry by providing direct counter-cyclical style payments to milk producers on a monthly basis when the Boston Federal Milk Marketing Order Class I price for fluid milk falls below the benchmark of $16.94 per hundredweight (cwt.). The 2008 Farm Bill changed the $16.94 per cwt of milk trigger for MILC payments to a variable trigger that may be adjusted monthly for variations in feed costs above $7.35 per cwt of a 16-percent protein feed ration. Monthly MILC payment rates will be determined and payments issued to eligible dairy operations when the Boston Class I price falls below the feed-cost-adjusted trigger. Certain per year per operation eligibility pound limits also apply.
MILC Application Form
- CCC-580 The MILC program is available to producers on dairy operations throughout the U.S. if the dairy operation produces milk in the U.S. and commercially markets the milk produced during the period of October 1, 2007, through September 30, 2012. Producers use the CCC-580 to apply for MILC benefits.
- CCC-580 Appendix ? Outlines terms and conditions for participating in the MILC program
Payment Rates
Payment rates to date are as follows:
Year | Month | National Payment Rates ($/cwt) |
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2008 | November | $0.0000000 |
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2008 | October | $0.0000000 |
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2008 | September | $0.0000000 |
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Program Handbook and Notices
- 11-LD Milk Income Loss Contract Program
- LD-605 Signup for the FY 2008 Through FY 2012 Milk Income Loss Contract (MILC) Program
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