A crop insurance specialist recommends producers lock in
floor prices with the new Dairy Revenue Protection Program to secure positive
margins.
Devin Roth with GreenStone Farm Credit Services tells
Brownfield the Farm Credit System has developed a dairy analyzer tool for
farmers to determine what level of risk management is ideal for their farm.
“Dairy Revenue Protection allows you to set a floor on milk
against Class III, Class IV component-based prices.”
Roth says it also helps farmers be more mindful of milk
prices and how their production is directly impacted by swings in the market.
Every quarter farmers can adjust coverage levels for 80 to
95 percent of revenue.
--Brownfield AgNews