Grassroots members of the American Farm Bureau have been engaged in developing a risk management protection plan in case the market hits unexpected lows.
Dairy Revenue Protection (Dairy-RP) is a concept plan of insurance, developed by the American Farm Bureau Federation, American Farm Bureau Insurance Services and other collaborators which would allow dairy farmers to purchase risk management protection against declines in quarterly revenue from milk sales, i.e. unexpected declines in milk prices, unexpected declines in milk production, or both.
Producers are encouraged to take the farmer survey on dairy risk management tools. Click here for more information – www.https://www.farmbureausellscropinsurance.com
Dr. John Newton, Farm Bureau’s Director of Market Intelligence joined us on Dairy Radio Now.
