Announced in Aug. 2021, PMVAP was created to reimburse producers for unanticipated losses created during the pandemic when federal dairy food box purchases weighted heavily toward cheese which, combined with a change to the Class I mover formula, created the unintended consequence of significant financial losses.
The first round of PMVAP funds distributed $250 million to more than 25,000 eligible dairy farmers in early 2022, reimbursing qualified producers for 80 percent of the revenue difference per month on up to 5 million pounds of milk marketed from July through December 2020.
The second round of relief will reimburse producers who received limited assistance because of the program’s arbitrary five-million-pound cap. Because of the cap, USDA was not able to spend the full $350 million originally allocated for the program in 2021. This new round of payments will be made using the $100 million that remained unspent from the initial round.