A risk management specialist says dairy producers need to know how Dairy Revenue Protection and Livestock Gross Margin-Dairy compare for their farms before choosing one over the other. Mike North with ever.ag says, “Neither tool is better than the other. They each have their place.”
North tells Brownfield both DRP and LGM-Dairy have benefits and some disadvantages, and he says the rules do not allow DRP and LGM Dairy coverage in place during the same quarter, so farmers and their risk management agents must figure out which program is the better fit while looking ahead about 15 months into the market.
