Recognizing the need to enhance the federal risk management tools available to dairy producers, American Farm Bureau Federation, American Farm Bureau Insurance Services and other collaborators developed a new federal crop insurance product called Dairy Revenue Protection. Dairy Revenue Protection provides insurance for the difference between the revenue guarantee and actual milk revenue if prices or revenues decline. It also provides a greater choice of price risk management features, providing the ability to protect the value of milk based on the value of cheese to fresh milk, protein or butterfat.
Dr. John Newton, Chief Economist with AFBF joins us on today’s Dairy Radio Now with an update:
