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HR 294 - 119

Dairy Farm Resiliency Act

Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

Bill Text Stats

3
Analyzed sections
N/A
Detected dollar total
0
Tax signals
0
Deadlines

Signal counts

Tax density 0.0%
Spending density 0.0%
Statutory Reference 3
Amendments 1

Top agencies

N/A

Statutory references

7 U.S.C. 9057 2
7 U.S.C. 9055 1

Affected Sectors

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Agriculture
5 evidence matches
Impact 100% Confidence 92%

Agriculture and Food

Agriculture and Food

Agriculture Committee Standing House

Finance and banking
1 evidence matches
Impact 77% Confidence 72%

Dairy Farm Resiliency Act Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit. Agriculture and Food

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Summary

00 Introduced in House Feb 25, 2025

Dairy Farm Resiliency Act This bill updates the Dairy Margin Coverage (DMC) program. As background, the DMC program was enacted in the 2018 farm bill to support dairy operations by allowing producers to buy a guaranteed margin for their milk production. The margin is the difference between the Department of Agriculture's (USDA's) national all milk price and a calculated feed cost, which provides producers optional risk protection on price and feed costs. The bill updates the current requirements that a participating dairy producer have an established milk production history with USDA's Farm Service Agency. Specifically, the bill requires that a dairy operation's production history for DMC be based on the most recent three-year history and be recalculated every five years. The bill also increases Tier I margin coverage for annual milk production to 6 million pounds or less (currently 5 million pounds or less) and Tier II margin coverage to over 6 million pounds (currently over 5 million pounds).

Sponsors

Timeline

Feb 14, 2025

Referred to the Subcommittee on Livestock, Dairy, and Poultry.

Feb 14, 2025

Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

Jan 9, 2025

Introduced in House

Jan 9, 2025

Introduced in House

Jan 9, 2025

Referred to the House Committee on Agriculture.

House Votes

No House roll call votes have been linked to this bill yet.

Amendments

No amendment records are currently available for this bill.
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