The American Farm Bureau Federation expects to offer dairy farmers a new revenue insurance policy later this summer.
AFBF’s market intelligence director John Newton tells Brownfield they’ve partnered with American Farm Bureau Insurance Services to develop a dairy revenue protection program that models crop insurance products. “It protects the quarterly revenue for milk sales and the value of milk in the policy is based on futures prices.”
He says this will be the first revenue-based insurance product for dairy farmers instead of a margin insurance.
Continue reading Farm Bureau’s dairy revenue insurance approved at Brownfield Ag News.
