-FARM SERVICE AGENCY: USDA announces states and counties selected for dairy options pilot program

0 Comments | M2 Presswire, June, 1998

M2 PRESSWIRE-9 June 1998-FARM SERVICE AGENCY: USDA announces states and counties selected for $11m dairy options pilot program (C)1994-98 M2 COMMUNICATIONS LTD RDATE:080698 GRAND FORKS,N.D. -- Agriculture Secretary Dan Glickman today announced an $11 million program to give dairy producers in selected counties a financial incentive to use options to manage their price risks.

The new Dairy Options Pilot Program (DOPP) helps producers create their own financial safety net by purchasing exchange-traded options on the price of their milk. When milk prices fall, producers would be able to offset losses based on projected future earnings, in effect putting a floor under their milk prices. "Dairy farmers are facing tough times these days," Glickman said. "The new dairy...

Read the rest of this article with a Free Trial at HighBeam Research.
Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works. HighBeam Research
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:
  1. You are currently: a Guest |
  4.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)