Bill > HR294

This bill, known as the Dairy Farm Resiliency Act, amends the Agricultural Act of 2014 to modify the Dairy Margin Coverage (DMC) program, which provides financial support to dairy farmers. The bill changes how a farm's production history is calculated by replacing the previous method of using 2011-2013 calendar years with a new approach that uses the most recent three-year history, to be recalculated every five years. Additionally, the bill increases the production volume threshold for both Tier I and Tier II premium rates from 5 million pounds to 6 million pounds. This change effectively expands the coverage for larger dairy operations, potentially providing more financial protection to mid-sized and larger dairy farms by allowing them to access higher coverage levels at potentially more favorable rates. The modifications aim to improve the resilience and financial stability of dairy farmers by updating the program's parameters to better reflect current agricultural conditions.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/294/all-info