The designer of the new Dairy Revenue Protection insurance program says starting October 9th, dairy producers will have a very flexible new tool. American Farm Bureau Economist John Newton says, “It allows a farmer to cover their quarterly revenue for milk sales based on the value of milk that they determine using either Class 3 or Class 4 or component values of milk. That is something that hasn’t been available before but fills a much-needed gap in risk coverage.”
John Newton tells Brownfield the flexibility of the Dairy Revenue Protection program lets producers tailor one or more policies to fit their goals.
