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Jim Hannula, County Executive Director of the Farm Service Agency's Trempealeau County USDA Service Center reminds dairy producers that sign-up for the newly extended Milk Income Loss Contract program ends May 17, 2006.
"Producers who enroll by May 17 will have the option to retroactively select the payment start month," said Hannula. "An extended sign-up period will begin after the May 17 deadline, but producers will not have the option to select their payment start month retroactively."
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 Boston Class I milk price.
USDA's Commodity Credit Corporation will make payments on an operation-by-operation basis, up to a maximum of 2.4 million pounds of milk produced and marketed by the dairy operation per fiscal year.
Any dairy producer who commercially produces milk in the United States is eligible to participate. To receive program approval, producers must enter into a contract with CCC to provide monthly marketing data.
Wisconsin dairy producers should contact their local FSA county office to schedule an appointment or download the application online at http://www.fsa.usda.gov/dafp/psd/MILC.htm
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