There was some good news for local dairy farmers in the bill, which replaced the Milk Income Loss Contract system with a margin insurance program. This program issues payments to farmers when the difference between the price of feed and the price of milk falls below a certain amount.
The program doesn’t offer the market stabilization for which some farmers were hoping, but it does offer some relief from the constraints of the old system.
Perfect? Far from it. But perfect shouldn’t be the enemy of good. And this farm bill has the potential to do a lot of good.