Michigan’s agriculture economy is thriving and, as the state’s second largest industry, there is always new business information to share. This inaugural blog post is the first of many that will keep you informed and up-to-date on agricultural business issues and opportunities that impact your business now. Blog post contributor: MKG shareholder Lorretta Deneweth (Lapeer office)
Attention Michigan dairy farmers! Dairy Margin Protection Program sign-up ends December 5
Dairy farmers are getting a boost with a new USDA Dairy Margin Protection Program that offers a safeguard for dairy producers. Members who sign up for the program will receive regular payments when dairy margins fall below the margin coverage dairy producers selected for that year. MKG has reviewed the provisions of this program and it appears to be an affordable way to protect against devastatingly low margins. (Note: it is not designed as a profit maker for individual producers.) Detailed information on the Margin Protection Program is available here. Please contact your MKG advisor if you have questions about whether this protection plan makes sense for your dairy business. Sign up for the program ends December 5, 2014.
- Keeping MKG Agribusiness clients in the know
Lorretta Deneweth, C.P.A.