A bill to amend the Code of Virginia by adding in Title 3.2 a chapter numbered 33.1, consisting of sections numbered 3.2-3304 through 3.2-3307, relating to Dairy Producer Margin Coverage Premium Assistance Program; report.
This bill establishes the Dairy Producer Margin Coverage Premium Assistance Program to be administered by the Commissioner of Agriculture and Consumer Services. The program provides that any dairy farmer with a resource or nutrient management plan who participates in the federal margin coverage program for dairy producers at the tier I level (in the 2018 Farm Bill) is eligible to participate. Participants receive yearly refunds of their annual premiums paid into the federal program, provided on a first-come first-served basis.
This bill was enacted on March 24, 2021.