legislation: 115-s-2555

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
115-s-2555 115 s 2555 Dairy Farm Sustainability Act of 2018 Agriculture and Food 2018-03-14 2018-03-14 Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry. Senate Sen. Gillibrand, Kirsten E. [D-NY] NY D G000555 1 Dairy Farm Sustainability Act of 2018 This bill amends the Agricultural Act of 2014 to establish a Dairy Farm Sustainability Price Loss Coverage Program. Dairy operations that enter into contracts under the program are eligible to receive payments from the Department of Agriculture (USDA) when milk prices fall below the minimum milk price. The bill specifies that the minimum milk price is $23.34 per hundredweight of milk and requires USDA to adjust the limit for inflation for each half of each calendar year. The bill also reauthorizes the existing Dairy Margin Protection Program through 2023. (The program is a voluntary program that makes payments to participating dairy operations when a formula-based national margin [the difference between the national all milk price and the national average feed cost] falls below a producer-selected insured margin.) 2023-01-11T13:39:59Z https://www.congress.gov/bill/115th-congress/senate-bill/2555

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