This bill, the Dairy Farm Resiliency Act, amends parts of the dairy margin coverage program in the Agricultural Act of 2014. It replaces the fixed reference to 2011–2013 production years with a rule that uses the most recent three-year production history, calculated once every five years. It also raises the dollar amounts used in two premium tiers (Tier I and Tier II) from $5,000,000 to $6,000,000.
If you take part in the dairy margin coverage program, the production history used to set your coverage would be the most recent three years and would be updated once every five years. The program text that refers to Tier I and Tier II premium thresholds changes from $5,000,000 to $6,000,000. For people or businesses not in the program, no publicly available information in the bill text describes direct effects.
The bill text provided does not include cost estimates, funding amounts, or specific appropriations. No publicly available information on federal costs or budget effects is included in the materials provided.
No publicly available information.
No publicly available information.