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Gillibrand bill would return insurance premiums to dairy farmers

WASHINGTON – Sen. Kirsten E. Gillibrand is pushing for federal aid for dairy farmers suffering under the weight of low milk prices.

Gillibrand said Monday that she is introducing the Dairy Premium Refund Act, which would return federal insurance premiums to dairy farmers who thought they would get protection from falling dairy prices under the program.

She said milk prices are now lower than what it costs farmers to produce milk. But the insurance program created in 2014 to help farmers in such circumstances has not worked, meaning farmers ought to be able to get their money back.

"Dairy farmers in New York need relief now, and I'm proud to announce new legislation that would give them that relief," she said. "Right now, millions of dollars that farmers paid to the program are just sitting in the federal treasury. This bill would put all those unused insurance premiums back into the pockets of dairy farmers."

 

 

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