MADISON, WI (WTAQ) - Now that the new Farm Bill has become law, what happens next?
U.S. Agriculture Secretary Tom Vilsack says teams are in place to handle each major title of the five-year package. That includes the dairy segment, where Wisconsin producers will see price supports disappear in favor of a brand new margin insurance program.
Vilsack says the dairy team and the others will identify the rules, regulations, and guidelines for each new and modified program in the Farm Bill. Vilsack says another group will set priorities for what needs to be done first -- but legal and budget matters could slow things down.
The secretary hopes the new system will keep the implementation moving as quickly as possible.
Besides the dairy program, Vilsack says there are slight changes to crop insurance services and revenue protection programs. The voluntary dairy insurance program includes government payouts when margins fall below various levels that farmers choose.
A UW expert recently said it might be beneficial for dairy farmers to choose the lowest cost coverage, with margins expected to be high this year -- but each situation is different, and farmers will have to do their homework.
(Story courtesy of Wheeler News Service)