Sept. 2012 MILC Payments to Begin Feb. 5th
USDA’s Farm Service Agency (FSA) issued additional details regarding the Milk Income Loss Contract (MILC) program.
• The “relief period” for dairy producers with annual production above the payment cap of 2.985 million lbs. and wishing to change their “start month” in FY ’13 is Feb. 1-28.
• The enrollment period for new dairy operations started before Feb. 1, 2013 is Feb. 1-28.
• The retroactive payment rate for September 2012 milk marketings is approximately 59¢/cwt. on eligible milk. FSA will begin making payments on Feb. 5.
• The retroactive payment rate for October 2012 milk marketings is approximately 2¢/cwt. on eligible milk. But, before the October MILC payment can be issued, dairy farmers must complete a new form, CCC-933 Average Adjusted Gross Income (AGI) Certification and Consent to Disclosure of Tax Information, available at local USDA Service Centers or online at www.fsa.usda.gov/ccc933.
For more information on MILC, contact a local FSA county office.