Milk Income Loss Contract (MILC)

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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

CCC-580M

CCC-580S

CCC-582

CCC-926

AD-1026

Payment Rates Information

NASS Agricultural Prices

Boston Class I prices

Fiscal Year 2012/13

Fiscal Year 2012
Mo.	BCI Price-$ (16.94)	Pymt Rate- $ (Before Adjust.)	NAD- FRC-$ (7.35)	Adjust. Trigger	Final Pymt Rate Adj.for Feed Cost ($/cwt)
Feb	20.28	0.0000	11.40	21.15	0.38950
Mar	19.55	0.0000	11.64	21.39	0.82624
Apr	18.91	0.0000	11.84	21.60	1.21096
May	19.10	0.0000	12.04	21.80	1.21642
Jun	18.49	0.0000	11.78	21.53	1.36775
Jul	18.76	0.0000	12.61	22.40	1.63817
Aug	19.80	0.0000	13.27	23.08	1.47607
Sep	20.84	0.0000	12.38	22.16	0.59443
Fiscal Year 2013
Oct	22.13	0.0000	12.40	22.18	0.02368
Nov	23.95	0.0000	12.71	22.50	0.00000
Dec	24.64	0.0000	12.61	22.40	0.00000
Jan	22.22	0.0000	12.69	22.48	0.11800
Feb	21.46	0.0000	12.83	22.62	0.52224
Mar	21.05	0.0000	TBD	TBD	TBD
Apr	20.91	0.0000	TBD	TBD	TBD

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

Dairy Feed Ration Cost Calculator

(PDF )

Program Handbook and Notices

11-LD Milk Income Loss Contract Program

LD-629 MILC Program Extension and Authorized Relief Period

News Release

MILC Final Rule


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			Milk Income Loss Contract (MILC)

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	Calculate Dairy Feed Ration Cost

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Last Modified: 03/28/13 7:48:10 AM