MONTPELIER, Vt. — Northeast dairy farmers who have been strapped for months by low milk prices say a voluntary insurance program that was supposed to be a safety net isn’t helping.
The margin protection program provides financial assistance to enrolled farmers when the gap between the price of milk and national average feed costs falls below the coverage levels picked by individual farmers.
“It’s a complete failure,” said Les Pike, of Keewaydin Farm in Stowe, Vermont, which has been losing money for months. “If it doesn’t pay in a year like this, it’s completely useless.”
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