Unexpected decline in milk revenue? We've got you covered.
ProAg Dairy Revenue Protection (DRP) is a great peace-of-mind policy for all dairy farmers. DRP is designed to insure against unexpected declines in the quarterly revenue from milk sales up to a 95% guaranteed coverage level. The expected revenue is based on futures prices for milk and dairy commodities and the amount of covered milk production elected. The covered milk production is indexed to a state or region based upon location.
Policy benefits to dairy producers include:
- Flexible coverage options
- Easy-to-use online quoting with the myProAg™ policyholder portal
- Revenue risk coverage (quantity and price)
- Market-based risk coverage
- Addressing coverage gaps in existing products