Dairy Farmers Could Get Money Under Reform

Dairy Farmers Could Get Money Under Reform

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Dairy farmers could soon get some money back.

Senator Kirsten Gillibrand is pushing legislation to reform the Dairy Margin Protection Program.

The program is meant to help out dairy farmers when milk prices are low or feed prices are high. But since it was implemented in 2015, very few farmers have seen any money from it, despite a couple of consecutive bad years.

The legislation would give farmers a check at the end of the year using any left over insurance premium funds.

Those unused funds are given to the U.S. Department of Treasury.

"The total that's sitting in the treasury right now is $100,000,000. That money could be coming right back to our farmers," said Gillibrand (D. - New York).

The legislation would also get some money back for any farmers who've paid into the insurance in the past as well.

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