SB 1193

Abstract

Dairy Producer Margin Coverage Premium Assistance Program. Directs the Commissioner of Agriculture and Consumer Services to establish and administer the Dairy Producer Margin Coverage Premium Assistance Program (the Program). The bill creates the Dairy Producer Margin Coverage Premium Assistance Fund, which would be used to fund the Program. The bill provides that any dairy producer that has a resource management plan or nutrient management plan and participates in the federal margin coverage program for dairy producers at the tier 1 level as contained in the federal Agriculture Improvement Act of 2018 is eligible to participate in the Program. Under the bill, each year a Program participant may receive a refund of its annual premium payment paid into the federal program; however, refunds would be limited to the amount available in the Fund. The provisions of the bill are contingent on funding in a general appropriation act.

Dairy Producer Margin Coverage Premium AssistanceProgram. Directs the Commissioner of Agriculture and ConsumerServices to establish and administer the Dairy Producer Margin CoveragePremium Assistance Program (the Program). The bill provides that anydairy producer that has a resource management plan or nutrient managementplan and participates in the federal margin coverage program for dairy producers at the tier 1 level as contained in the federal AgricultureImprovement Act of 2018 is eligible to participate in the Program.Under the bill, each year a Program participant will receive a refundof its annual premium payment paid into the federal program.