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Price Support
Milk Income Loss Support

 
MILK INCOME LOSS CONTRACT PROGRAM (MILC)

 
Overview

 
USDA's Milk Income Loss Contract Program (MILC), administered by the Farm Service Agency (FSA), compensates dairy producers when domestic milk prices fall below a specified level. The Food, Conservation and Energy Act of 2008 (2008 Farm Bill), as amended by the American Taxpayer Relief Act of 2012, authorizes MILC through Sept. 30, 2013. The program has no set funding level.
More (Factsheet)

 
MILC Application Form

 
  • CCC-580 - The MILC program is available to producers on dairy operations throughout the U.S. if the dairy operation produces milk in the U.S. and commercially markets the milk produced during the period of October 1, 2007, through September 30, 2013. Producers use the CCC-580 to apply for MILC benefits.

 
  • CCC-580 Appendix - Outlines terms and conditions for participating in the MILC program

 
Other MILC Program Forms

 

 

 
Payment Rates Information

 

 

 

 
Mo.
BCI
Price-$
(16.94)
Pymt Rate- $
(Before Adjust.)
NAD-
FRC-$
(7.35)
Adjust. Trigger
Final Pymt Rate Adj.for Feed Cost ($/cwt)
Fiscal Year 2013
Aug
22.13
0.0000
11.64
21.35
0.00000
Sep
22.41
0.0000
12.30
17.88
0.00000
Fiscal Year 2014
Oct
22.45
0.0000
9.82
17.20
0.00000
Nov
23.45
0.0000
9.51
16.95
0.00000
Dec
22.45
0.0000
9.58
17.01
0.00000
Jan
24.43
0.0000
9.54
16.97
0.00000
Feb
25.27
0.0000
9.57
19.25
0.00000
Mar
26.89
0.0000
9.85
19.53
0.00000
Apr
26.90
0.0000
10.42
20.12
0.00000
May
27.72
0.0000
10.80
20.52
0.00000
Jun
26.11
0.0000
10.56
20.27
0.00000
Jul
26.27
0.0000
9.86
19.55
0.00000
Sep
27.12
0.0000
TBD
TBD
TBD
Sep
26.88
0.0000
TBD
TBD
TBD

 
The accurate MILC payment rates carried to seven decimal places are available here

 

 
(PDF)

 
Program Handbook and Notices

 
  • 11-LD Milk Income Loss Contract Program
  • LD-629 MILC Program Extension and Authorized Relief Period

 

 

 

 
Related Topics
Bullet Asparagus Revenue Market Loss Program
Bullet Milk Income Loss Contract (MILC)
Bullet Trade Adjustment Assistance For Farmers (TAAF)
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Last Modified: 08/28/14 2:25:47 PM


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