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."
Doug Van Batavia is a graduate of Washington State University with a Bachelor of Science degree. He owned and operated a top-performing dairy for 20 years prior to joining what is now PayneWest Insurance in 2006. His firsthand entrepreneurial and agriculture experience give him unique insights into the complex insurance needs of his customers. Doug has his Agribusiness and Farm Insurance Specialist (AFIS®) and as the a former owner of a dairy, Doug has a great deal of experience in the industry. He also specializes in hay farms, row crop farms, grass seed operations, and vegetable and fruit processing operations.