Items Tagged with 'Dairy Margin Coverage'

The Colombian government has angered dairy groups by placing a 4.86% tariff on imports of U.S. milk powder for the next four months while it finishes investigating claims of domestic harm.

The House Agriculture Committee’s farm bill would boost the federal budget deficit by $33 billion over 10 years, according to an official cost estimate released Friday by the Congressional Budget Office, which refused to change its stance on a budget offset intended to fund changes to commodity programs.

Republicans on the House Agriculture Committee are proposing to raise Price Loss Coverage reference prices by 10% to 20% depending on the commodity, while also providing increased income protection to growers under the Agriculture Risk Coverage program and crop insurance, according to a section-by-section summary released Friday.

The chief economist for Senate Ag Committee’s Republican staff says the Congressional Budget Office’s new farm program forecast does nothing to help lower the cost of making improvements in commodity programs that ag groups are seeking. 

The Congressional Budget Office is increasing its cost projections for farm bill programs due to lower estimates for some future market prices The commodities expected to see significantly higher payments over the next 10 years than previously estimated include cotton and dairy.