Friday, April 17, 2020

Secretary Perdue opposes reopening Dairy Margin Protection enrollment


Secretary Perdue opposes reopening Dairy Margin Protection enrollment

The Secretary of Agriculture just isn't in favor of re-opening enrollment for the Dairy Margin Protection program.

Sonny Perdue instructed reporters Friday night time, “The Dairy Margin Protection program is an insurance coverage program similar to the protection internet for crops. It doesn’t make any sense to have an insurance coverage program and permit individuals to retroactively resolve to have protection after they want it.”

Perdue says permitting extra DMC enrollment via the USDA’s new Coronavirus Meals Help Program was requested, however he’s towards it. “I really feel very strongly in regards to the principal insurance coverage right here. We selected to indemnify dairy individuals in different methods moderately than to reopen the Dairy Margin Protection program retroactively.”

Perdue says re-opening the Dairy Margin Protection enrollment would solely practice individuals to not take insurance coverage as they need to and later apply for ad-hoc catastrophe or subsidies later when costs go down.

Perdue introduced the Coronavirus Meals Help Program with President Trump on the White Home Friday afternoon

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