Bill > HR5462

This bill makes several changes to the dairy risk management program established in the Agricultural Act of 2014. The key provisions include: 1. Requiring the Secretary of Agriculture to review the data used to calculate the average cost of feed for dairy operations and submit reports on the use of corn silage and alfalfa hay prices. 2. Allowing multi-producer dairy operations to exclude information about owners with less than 5% ownership or income share from the program registration process, while reducing payments to account for those excluded owners. 3. Continuing to use dairy operations' production history from 2011-2013 and limiting changes to business structure solely for the purpose of qualifying as a new operation. 4. Allowing dairy operations to elect their coverage level and percentage choices for the duration of the program. 5. Adjusting the premium structure for the first 5 million pounds of production. 6. Renaming the "margin protection program" as the "dairy risk management program" and making conforming changes throughout the law. 7. Extending the dairy forward pricing program, dairy indemnity program, and dairy promotion and research program through 2023. 8. Repealing the dairy product donation program.

Agriculture and Natural Resources

https://www.congress.gov/bill/115th-congress/house-bill/5462/all-info