Hello Again, Friends,
After a torrential rain and flooding in our area April 10, things seemed to have slowed down, and maybe we are on our way to drying out enough to get started in the fields.
The Farm Service Agency reminds producers who selected buy-up coverage under the Margin Protection Program for Dairy Producers, that outstanding premiums are due by June 1, 2015. Reminder letters will be generated May 1 to participating dairies with an outstanding premium due to notify them of the amount still owed.
Don’t miss deadline
If the remaining premium is not paid by June 1, a receivable will be established, coverage will be lost, and any further MPP-Dairy payments triggered will be forfeited.
Additionally, dairy operations will not be eligible for buy-up coverage in subsequent calendar years however the dairy will remain legally obligated to pay the premium for 2015. Furthermore, the dairy will be obligated to pay the annual $100 administrative fee for the duration of the MPP-Dairy Program.
After coverage has been lost, coverage can only be regained when the premium is paid in full prior to the end of 2015. If paid in full, coverage will be reinstated for any remaining consecutive two-month period in the program year.
For additional information or questions, contact your county FSA office.
That’s all for now,
FSA Andy
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