The Dairy Revenue Protection program, which allows dairy farms to put a floor on the milk price and capture any market upside. Purina Risk Management Specialist Tim Patchin says there is more interest in managing risk with the current low milk prices. “We recognize that you should act proactively versus reactively,” said Patchin. “I think that’s one of the advantages of sitting down with one of us and discussing options. What’s your risk management comfort level? What’s your risk management knowledge base? Lets start from the beginning and build out from there.” Approximately 25 percent of the milk produced today is covered by DRP.
News Categories
Latest RRFN Podcasts
Subscribe to RRFN
Get a weekly digest from RRFN to stay up-to-date on all the latest news in agriculture.