# Lots of good things for dairy in new farm bill

> Congress passed and President Trump signed a new farm bill that overhauls dairy risk management programs with more affordable, accessible insurance products. The bill changes the Class I fluid milk price formula to the average of Class III and IV plus 74 cents, and extends the Dairy Forward Pricing Program through 2023. A 2019 all-milk price forecast of $16.70 to $17.60 per cwt accompanies the article.

- Date: 2018-12-26 · published 2018-12-26T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/61717-lots-of-good-things-for-dairy-in-new-farm-bill
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

The new margin protection tools may encourage producers to stay in production during low milk prices, supporting milk supply over time. The Class I formula change is described as revenue-neutral, so its direct price effect on milk is limited.

## Read by commodity

- MILK: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2022-05-26 | [The Farm Bill: What Works And What Doesn’t? - EDairy News English](https://feedsoft.ai/events/41381-the-farm-bill-what-works-and-what-doesn-t-edairy-news-english.md) | -3.1% | -3.1% |
| MILK | 2017-10-11 | [Farm Bill Primer: Dairy Safety Net - EveryCRSReport.com](https://feedsoft.ai/events/68458-farm-bill-primer-dairy-safety-net-everycrsreport-com.md) | +0.6% | -1.4% |
| MILK | 2023-04-19 | [From dairy pricing to private well testing, Wisconsin farmers, lawmakers have eye on next farm bill - WPR](https://feedsoft.ai/events/36404-from-dairy-pricing-to-private-well-testing-wisconsin-farmers-lawmakers-have-eye.md) | +0.0% | -12.9% |
| MILK | 2019-07-01 | [Farmers give new dairy safety net a try \| Capital Press](https://feedsoft.ai/events/4200-farmers-give-new-dairy-safety-net-a-try-capital-press.md) | +6.5% | +7.4% |
| MILK | 2021-09-03 | [News for Dairy Co-ops - September 2021 - NMPF](https://feedsoft.ai/events/4916-news-for-dairy-co-ops-september-2021-nmpf.md) | -0.5% | +8.8% |

## Sources

- farmprogress.com: https://www.farmprogress.com/farm-operations/lots-of-good-things-for-dairy-in-new-farm-bill

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.