The Dairy Margin Protection Program (DMPP)

Multiple Choice

The Dairy Margin Protection Program (DMPP)

A) is a system used to limit the US imports of dairy-related products. The DMPP program is a type of tariff-rate-quota (TRQ)
B) is a binding set of government-enforced regulations that structure and monitor the market relationship between milk handlers and milk producers.
C) offers financial assistance to dairy producers when pesticides or other residues contaminate the dairy farm's production, and a government agency compels the producer to remove his/her milk from the commercial market.
D) serves two purposes: (1) the USDA dairy product purchases stimulates upward price pressure in the dairy market, and (2) it provides real assistance to food banks in the form of food donations.
E) is an insurance-style deficiency payment program. Qualified dairy producer participants cany choose to pay increased premiums for increased net income coverage. The program premiums are subsidized.