CME: Merc lauds USDA on renewal of dairy options pi pilot program.

0 Comments | M2 Presswire, August, 1999

M2 PRESSWIRE-3 August 1999-CME: Merc lauds USDA on renewal of dairy options pilot program (C)1994-99 M2 COMMUNICATIONS LTD RDATE:020899 * USDA Announces Second Round Of Innovative Risk Management Tool The Chicago Mercantile Exchange (CME) today lauded U.S. Agricultural Secretary Dan Glickman and the U.S.

Department of Agriculture's (USDA) Risk Management Agency (RMA) for expanding its Dairy Options Pilot Program (DOPP) to enable dairy farmers from an additional 61 counties in 25 states to manage the downside price risk related to their milk production. In Round II of the program announced by Secretary Glickman, milk producers from a total of 98 counties in 31 states will be able to participate in the program. The Dairy Options Pilot was launched June 1998...

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