The MILC program, a counter-cyclical income support program, was designed to provide price support to dairy farmers. Since the inception of the MILC program it has been argued that the program is inefficient and rewards inefficiency by keeping high cost, small dairy farms in business. Large...

The Milk Income Loss Contract (MILC) program, a counter-cyclical income support program, was designed to provide price support to dairy farmers. Since the inception of the MILC program, large dairy producers have expressed concerns that the MILC payments have negatively affected their farming...