Dairy farmers may be able to spread out their insurance payments under a plan proposed to the federal agriculture agency.
Sen. Charles Schumer (D-NY) is backing the proposal to let dairy cooperatives front individual farmer’s payments and then allow farmers to slowly pay the co-ops back. Right now, farmers pay for a quarter of their U.S.D.A. insurance in February and the rest in June. The change would help farmers deal with dropping milk prices, Schumer says.