House Bill 5462
115th Congress(2017-2018)
Dairy Risk Management Act of 2018
Introduced
Introduced in House on Apr 10, 2018
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5462
Congress
115
Policy Area
Agriculture and Food
Agriculture and Food
Primary focus of measure is agricultural practices; agricultural prices and marketing; agricultural education; food assistance or nutrition programs; food industry, supply, and safety; aquaculture; horticulture and plants. Measures concerning international trade in agricultural products may fall under Foreign Trade and International Finance policy area.
No House votes have been held for this bill.
Summary
Dairy Risk Management Act of 2018
This bill reauthorizes and modifies the Department of Agriculture (USDA) Margin Protection Program for dairy producers, which is a voluntary program that pays participating dairy operations when a formula-based national margin (the difference between milk prices and feed costs) falls below a producer-selected insured margin.
The bill changes the name of the program to the Dairy Risk Management Program and modifies coverage levels and premiums.
With respect to other USDA dairy programs, the bill:
- reauthorizes the Dairy Forward Pricing Program,
- reauthorizes the Dairy Indemnity Program,
- reauthorizes the Dairy Promotion and Research Program, and
- repeals the Dairy Product Donation Program.
April 10, 2018
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04/30/2018
Referred to the Subcommittee on General Farm Commodities and Risk Management.
04/10/2018
Referred to the House Committee on Agriculture.
04/10/2018
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:39:53 PM