Monday, March 26, 2012

Just in--



FSA Reminds Dairy Producers of MILC
Program Requirements

(Boise, Idaho) March 22, 2012 -USDA Farm Service agency in Idaho, reminds dairy producers that they must meet Milk Income Loss Contract (MILC) program requirements in order to maintain program eligibility in the event that prices drop and trigger a MILC payment.

MILC compensates dairy producers when domestic milk prices fall below a specified level. Eligible dairy producers can apply for program benefits anytime through September 30, 2012.

“It is important for Idaho dairy producers to understand some of the important requirements that make them eligible for this program,” said Dick Rush, State Executive Director. “At this
time, prices haven’t fallen to a level that would trigger a MILC payment. However the selected start-month is critical to eligibility,” he said.

When producers enroll in the program, a payment start month is selected. This month remains the same through each program year, unless a change is requested on the appropriate form.
Producers who wish to change their program start month can do so an unlimited number of times throughout their enrollment in MILC, provided:
·
Changes must be made on or before the 14th
of the month before the start month on record and
·
Before the 14th day of the month
prior to the new start month. (i.e. if your current start month is March you
would have had to make your changes prior to February 14)
·
Changes cannot be made if the new month
being selected has already begun.

To maintain program eligibility, MILC participants must notify their local FSA office of any operation changes, such as a change in producer, shares, address or bank routing number. In order for dairy producers to receive a MILC payment, they must meet adjusted gross income (AGI) requirements by completing, the “AGI Certification and Consent to Disclosure of Tax Information" form.

New dairy producers who want to enroll in MILC must fill out the appropriate forms and select a
start-month. for which the Commodity Credit Corporation (CCC) will begin issuing payments to the dairy operation.

For more information about the MILC program, please contact your local County FSA office or visit us on the web at: http://www.fsa.usda.gov/.

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