Dairy farming is a demanding profession with razor-thin profit margins and you wouldn’t necessarily think that something like milk could be considered volatile, but the dairy market most certainly is.
That’s where Dairy Revenue Protection comes in. Think of it like crop insurance for milk prices. Working with the American Farm Bureau Federation and American Farm Bureau Insurance Services, we’ve put together a program to protect dairies from market price fluctuation.
From Tyson Baker, Dairy Specialist:
“The old federal Margin Protection Plan was a big flop and left a lot of farmers with a bad taste in their mouth. Dairy RP gives you crop insurance for milk price, and locks in a price that you hope you’ll never have to sell at, but ultimately could save a farm from ruin if the market falls.”