Dairy Revenue Protection

Product Overview

Understanding Dairy Revenue Protection Insurance

Dairy Revenue Protection (DRP) is an area-based product that pays when revenue drops because of lower prices, reduced production or both.

DRP fills a gap in existing risk coverage for dairy producers by addressing milk basis and variability in milk production by region.

Watch the video to learn more.

Endorsement

A quarterly coverage endorsement gives you flexibility in your guarantees without having to change the underlying policy. You can purchase up to five quarters into the future on any sales closing date.
Premium is not attached to the policy until you fill out a quarterly coverage endorsement.

Pricing Options

The class pricing option uses your specified percentage of futures market Class III and Class IV milk prices (equal to 100).
The component pricing option uses a combination of butterfat, protein and other solids values based on your declared butterfat and protein tests.

Availability

DRP is available in all states.

Coverage Level

80%, 85%, 90%, 95% of revenue guarantee.

Protection Factor

Between 1.00 and 1.50, in .05 increments
It is used to calculate the policy protection and impacts both premium and indemnity.

Other Coverages

You can have other livestock insurance policies, such as Livestock Gross Margin for Dairy, for all or part of the same period, as long as they do not cover the same milk.
USDA premium subsidies apply, as in crop insurance, ranging from 55% on 80% coverage, to 44% on 95% coverage.
Qualified Beginning Farmers and Ranchers and Veteran Farmers and Ranchers receive an additional 10% premium subsidy.

Available to all qualifying producers regardless of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation, and marital or family status.

Are you covered?

We know crop insurance decisions can feel complicated. Our insurance officers have access to a tool that analyzes your numbers and local data to help you make the best decisions to meet your goals. Get started by completing the inquiry form and we’ll find a time that is convenient for you to meet with us.

Get Started

Dairy Revenue Protection Analyzer

Understanding the Dairy Revenue Protection Analyzer

The Dairy Revenue Protection Analyzer (DRP Analyzer) is an exclusive tool to help our customers make informed purchase decisions for DRP. The tool leverages real quarterly statistics to plan risk management, track and forecast expected income, and calculate potential losses and indemnities.

In addition to live endorsement tracking, the DRP analyzer gives producers the ability to view their revenue projections against their cost of production and where DRP has supplemented their operation’s revenue needs. (As shown in example chart.)

Take the emotion out of your risk management decision by utilizing the DRP analyzer.

This What-If Analysis provides a real-world example of how the DRP Analyzer can provide indemnity estimates.

dairy revenue protection analyzer tool chart

It compares component and class price scenarios against current DRP cover levels.

Why Work With Us for Dairy Revenue Protection Insurance

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Dedicated Specialists

Our agents are non-commissioned and focus 100% of their time on crop insurance and livestock insurance — every working day of every week in the year. They don’t sell property, casualty or life insurance.