Yes, Almost, For the Agriculture Appropriations Bill
But before we get too far ahead of ourselves, let's examine what that means to you individually. At present, dairy farmers are paid under one-half of their productions costs for dairy products. The existing Milk Income Loss Contract is help for bad times, but it hasn't been able to scratch the surface of the market's current disastrous conditions.
Hang on, dairy farm owners. The federal government is sending aid. The much talked about, much debated, and much anticipated 2010 Agriculture Appropriations Bill is at this writing sitting on the President's desk awaiting his signature. In it, over $ 350 million has been allocated for emergency aid to dairy farmers, with $ 290 million of it going directly into farmers' hands. And $ 60 million will allow the government to buy surplus dairy and cheese, which will be funneled into food banks and government nutritional programs.
But before we get too far ahead of ourselves, let's examine what that means to you indi vidually. At present, dairy farmers are paid under one-half of their productions costs for dairy products. The existing Milk Income Loss Contract is help for bad times, but it hasn't been able to scratch the surface of the market's current disastrous conditions.
Under the new, additional plan, money has yet to be allocated, but suggestions are that there could be a per-cow or a regional distribution model set up in an attempt to ensure that all dairy farmers receive relief.
What isn't certain is how much you will end up with once the checks have been written. At the moment, the dairy industry is leaking money as dairy farmers try desperately to find ways of producing to government standards in cost-effective ways.
What isn't covered is personal losses that dairy farmers may incur as a result of doing business. Should your equipment fail, should fire or chemical spills befall the business, the government program will not respond. What will respond is a custo mized dairy farm insurance package. Besides personal liability, dairy farm insurance coverage will cover your operations up to and including any damage to the milk as it's being transported to market.
If you're unsure if government appropriations and your insurance plan adequately address all your risks, give us a call. We'll be happy to go over both plans with you and give you more insight into the appropriations bill and how that affects you.
--------------------------------------------------------------------------------------------
Agribusiness and Farm Insurance requires special knowledge of both the business side of operations as well as home and property coverage. The only thing our Agribusiness and Farm Insurance department writes is just that - Agribusiness and Farm Insurance. We know the industry inside and out. We know which carrier will provide the best product in your or your client's particular circumstance.
Contact me today at http://www.insureyourfarm.com
Follow us on Twitter http://www.twitter.com/afis
Article Source: http://EzineArticles.com/?expert=Kevin_W._Ogan