Andrew Faulman recently published a column in Cheese Market News detailing the new Dairy RP program and its possible effects on the market as a whole. Here’s an excerpt:
Starting Oct. 9, dairy producers will have another tool in their risk management toolbox courtesy of Farm Bureau. The Dairy Revenue Protection Program (Dairy RP for short) is a government-subsidized crop insurance program tailored to the dairy producer. On the surface, this program has the nuts and bolts to make some waves in the dairy risk management space.