Dairy Revenue Protection
FREE DRP TEXT UPDATES
If you’d like to receive CME milk futures texts or weekly Dairy Revenue Protection quotes with direct comparisons to CME options, please contact us to get signed up at no cost.
Dairy Revenue Protection (DRP) is a Federal Crop Insurance Corporation product offering dairy farmers a cost-effective means to protect against the risk of price decline
DRP prices are based on CME futures, and coverage levels are available up to 95% with premium subsidies of 44%
Farmers should view DRP as an integral part of their marketing plans and risk management strategies as it is a cost-effective means for hedging price risk
With DRP, you can establish a price floor under some or all your milk production while leaving upside opportunity open for future sales at higher levels should prices rally
AgPerspective is uniquely suited to provide you the advice and service you need to make DRP an integral and effective part of your overall risk management plan. We are a crop insurance agency with more than 15 years of experience servicing farmers in Wisconsin, Illinois and Indiana. AgPerspective is a licensed grain dealer and has a sister company, AgPerspective Commodities, that is also a full-service commodities brokerage firm. We are experienced and adept at fitting marketing and insurance together into a comprehensive strategy.
We have recent and valuable experience with crop insurance products that offer revenue protection at a 95% coverage level for corn and soybeans. Revenue protection at these increased coverage levels is a game changer when you understand how to market around the price floors they provide
DRP is a marketing tool, and you should use it that way. We look forward to helping you use it to protect and enhance the profitability of your dairy.
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