Distribute pandemic marketvolatility assistance program monies to dairy farmers who received alower value due to market abnormalities caused by the pandemic andensuing federal policies

The Department of Agriculture's Agricultural Marketing Service awarded a $6,049,591 cooperative agreement to New Dairy Opco, LLC dba Borden Dairy under the Pandemic Market Volatility Assistance Program. The purpose of this award is for Borden Dairy to distribute Pandemic Market Volatility Assistance Program monies to dairy farmers who received a lower value due to market abnormalities caused by the pandemic and ensuing federal policies.

Under this award, Borden Dairy will disburse PMVAP funds to eligible dairy producers and obtain adjusted gross income attestations. The company must also issue 1099-MISC forms to each producer reflecting their payment and provide documentation that payments were made according to program rules. Borden Dairy is required to provide dairy policy education to eligible producers and disburse all PMVAP funds by June 30, 2022. There are no subrecipient activities associated with this cooperative agreement.

Recipients will disburse pmvap monies toeligible producers. In additional, recipients must obtain adjustedgross income attestations from eligible producers, issue 1099-misc toeach producer reflecting their pmvap payment, provide documentationpayments were made in accordance to program rules, and provide dairypolicy education to eligible producers. Recipients will disburse allpmvap monies to eligible producers, provide and document dairy policyeducation efforts, and be subject to payment verification by USDA staff.dairy farmers whose milk we marketed to a federal milk marketing orderregulated handler during july through december 2020 are the intendedbeneficiaries. There are no subrecipient activities