Dairy Revenue Protection

Insure against unexpected declines in the quarterly revenue from milk sales.

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PRODUCT OVERVIEW

Benefits

  • 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.

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.

"The crop insurance team is awesome. They'll come up with what works best for you — you may be the only one with that combination of plans."

Randy & Judy

Grain & Beef Producers, Iowa

Randy & Judy

Why Work With Us For Insurance?

Dedicated Specialists

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

Highly Trained

Our insurance officers receive annual training on RMA changes to crop and livestock insurance plans and stay informed throughout the year.

Financial Expertise

As a lender, we understand financial risk and work to protect your working capital, not just your crop or livestock.

Trigger Yield Calculator

Trigger yields assist producers with crop insurance and risk management decisions. Understanding what will trigger loss payments is an important part of choosing the correct level of crop insurance coverage.

The results provided by this tool are for estimation purposes only; actual loss triggers may vary. Contact your Farm Credit Services of America insurance officer for more information.

CROP INSURANCE EDUCATION

Precision Farming Data for Crop Insurance
Report your crop insurance acreage from your planter seat using your precision data.
Wildfire and Hurricane Indemnity Program-Plus
Producers who experienced natural disasters in 2018 or 2019 may qualify for disaster aid under the WHIP+ program.
Multi-county Enterprise Unit Endorsement
Contact your local FCSAmerica insurance agent to learn if the new MCEU would be advantageous to your operation.
Make the Most of your Revenue Insurance
Understanding how the right crop insurance and knowing your cost of production work together is critical.
Crop Insurance: Getting the Right Coverage
Learn why choosing a farm lender is important to getting the right crop insurance plan.
Crop Insurance & Grain Marketing: Are You Taking Advantage?
Crop insurance and marketing goals can work together to provide the best financial return.
Grain Marketing Survey: Midwest Farmer Practices
To shed some light on grain marketing practices, FCSAmerica commissioned a survey of more than 600 Corn Belt producers. The full report reveals insights into the tools and strategies of farmers who are satisfied with their grain marketing practices.

Ready to Talk?

Contact us if you have questions or need more information. Fill out the form, or connect with your local office using the Office Locator.

FCSAmerica serves farmers, ranchers, agribusinesses and rural residents in Iowa, Nebraska, South Dakota and Wyoming. For inquiries outside this geography, use the Farm Credit Association Locator  to contact your local office.