[20180222]IF10833_《两党预算法案》（P.L115-123).pdf

https:/crsreports.congress.gov February 22, 2018Dairy Provisions in the Bipartisan Budget Act (P.L. 115-123)The Bipartisan Budget Act of 2018 (BBA; P.L. 115-123) made important changes to the U.S. Department of Agriculture (USDA) dairy Margin Protection Program (MPP) and removed the cost cap on livestock insurance programs, which includes Livestock Gross Margin-Dairy (LGM-D). The changes are estimated to add more than $1.1 billion to the 10-year farm bill baseline, potentially increasing available safety net funds for dairy producers. Review of MPP MPP is a voluntary program established in the 2014 farm bill (P.L. 113-79) that pays participating dairy producers when a formula-based national margincalculated as the national average farm price for milk minus a national average feed ration costfalls below a producer-selected insured margin. The $4.00 per hundredweight (cwt) margin is considered the catastrophic (CAT) level. To participate at the CAT coverage level, dairy producers pay an annual $100 administrative fee and are then eligible to receive a payment on 90% of their milk production history, up to 4 million pounds, if the margin averages below $4.00 for the two-consecutive m