The final revenue guarantee is based on expected yield multiplied by expected price along with the coverage level selected. Expected milk yields are based on state-level National Agricultural Statistics Service (NASS) estimates of milk production per cow in the pooled production region. Growers will have several options to choose from for the expected milk price. The default option will be futures prices. Other options will allow growers to insure the price for specific milk components, such as protein and fat. This is intended to allow producers to choose coverage that better matches their specific risks.

2019-01-07T21:21:45-06:00