Dairy Revenue Protection 12/03/21 1:12:27 PM|
|Dairy Revenue Protection (DRP) is an insurance product designed to protect against the decline of milk prices. It provides quarterly coverage at a percentage level chosen by the milk producer.|
DRP offers two prices options
- Class Pricing using either Class III or Class IV milk prices
- Component Pricing using butterfat, protein, and other solids
Prices are released on a daily basis by the Risk Management Agency that are used to initiate price coverage.
DRP insurance is subsidized based on your chosen level.
Coverage level % 80 85 90 95
Subsidy % 55 49 44 44
Milk production under the program is covered on a quarterly basis at whatever amount of milk the producer chooses for up to five quarters.
We are a licensed agency in multiple states.
For more information and to get started, call 877-256-3253 or email: firstname.lastname@example.org