A NEW RISK MANAGEMENT TOOL
Dairy Revenue Protection (Dairy-RP) is a new federal crop insurance program approved by the USDA Risk Management Agency. Dairy-RP is designed to insure against unexpected declines in milk prices, unexpected declines in milk production, or both.
Price & Production Protection
Revenue is protected from changes in both prices and state’s level production.
Class & Component Pricing
Milk prices used in the policy are not one-size-fits-all and they can be customized to the producer’s specific operation and geographic location.
Subsidy & Payment
The premium cost is subsidized by 44%-59% by the USDA and payments are not due until the end of the quarterly insurance period.
The program has no caps on volumes or payouts and can be used by dairies large and small in all fifty states to cover up to 100% of their milk production volume.