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S 2555 115th Congress Senate Agriculture and Food Agricultural prices, subsidies, credit Public contracts and procurement

Dairy Farm Sustainability Act of 2018

Introduced: March 14, 2018 Introduced by: Gillibrand, Kirsten E. Democratic · New York See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 14, 2018
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
Mar 14, 2018
Introduced in Senate
 Plain-English summary Congressional Research Service

Dairy Farm Sustainability Act of 2018

This bill amends the Agricultural Act of 2014 to establish a Dairy Farm Sustainability Price Loss Coverage Program. Dairy operations that enter into contracts under the program are eligible to receive payments from the Department of Agriculture (USDA) when milk prices fall below the minimum milk price.

The bill specifies that the minimum milk price is $23.34 per hundredweight of milk and requires USDA to adjust the limit for inflation for each half of each calendar year.

The bill also reauthorizes the existing Dairy Margin Protection Program through 2023. (The program is a voluntary program that makes payments to participating dairy operations when a formula-based national margin [the difference between the national all milk price and the national average feed cost] falls below a producer-selected insured margin.)

What's happening now March 14, 2018

Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1