Background Material for the Milk Income Loss Contract Program

MILC Under the 2008 Farm Bill
• A spreadsheet model showing how to calculate the Feed Cost Adjuster for the MILC program, Jan. 1, 2008 - Sept. 30, 2012
• Use of futures market data to estimate the next 10-Months of MILC payments.  The data is updated after the close of business each Friday.
• MILC Sign-Up Announcement
• MILC Sign-Up Clarification
• The Dec. 2008 Federal Registry entry describing the MILC program rules
• FSA MILC Factsheet
• Cheese Reporter Article Reviewing The MILC Program
• The 2008 MILC Handbook published by Farm Service Agency of USDA
• A spreadsheet model simulating the MILC program as specified in the 2008 Farm Bill over the Jan. 2007 - April 2008 time period
• A Marketing and Policy Briefing Paper describing the Dairy Subtitle of the 2008 Farm Bill

Previous Versions of the MILC Program
• Some information concerning the renewed MILC program from Prof. Bob Cropp.
  Estimated MILC Payments/CWT (Dec. 2001 - Sept. 2007)
  • Spreadsheet Version
  • Web-Based Version
• Spreadsheet Model for Undertaking Farm-Level Analysis of Participation in the MILC-X Program
• Enrollment in the 2003/2004 MILC Program: Does Timing Matter? by Brian W. Gould and John M. Hackney, Univ. of Wisconsin-Madison
• USDA MILC Program Website