Agriculture is the heartbeat of our region.
In a heavily-regulated industry, protecting your investment can seem like an impossible task. Whether it’s a small family farm or a large commercial operation, managing risk in agribusiness has become more complex than ever. Having an experienced risk manager by your side at every step of the way is an important component to success.
Dairy Revenue Protection Program
In 2018, the American Farm Bureau Federation, American Farm Bureau Insurance Services and other collaborators implemented the Dairy Revenue Protection (Dairy-RP). Dairy-RP is a plan of insurance developed to allow dairy farmers to purchase risk management protection against declines in revenue from milk sales, unexpected decline in milk production or a combination of the two.
Under this plan, a dairy farmer has only four decisions to make:
- The value of milk protected.
- The amount of milk protection to cover.
- The level of coverage.
- Which quarterly contracts they wish to purchase.