House Agriculture Committee Ranking Member Collin Peterson yesterday introduced the Dairy Risk Management Act (H.R. 5462), legislation to provide dairy farmers with a strong safety net to address volatile market conditions outside of their control. The Dairy Risk Management Act would replace the current Margin Protection Program (MPP) with the Dairy Risk Management Program.
“After spending the last two weeks in Minnesota and participating in a dairy forum in Albany, I wanted to formalize the approach I’m hoping to take as the farm bill moves forward. Dairy farmers in my district and across the country are facing tough times that show no signs of letting up. They need a safety net that will help them better manage difficult market conditions now and into the future,” Peterson said.