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Farm Credit offers dairy analyzer tool

A crop insurance specialist recommends producers lock in floor prices with the new Dairy Revenue Protection Program to secure positive margins.

Devin Roth with GreenStone Farm Credit Services tells Brownfield the Farm Credit System has developed a dairy analyzer tool for farmers to determine what level of risk management is ideal for their farm.

“Dairy Revenue Protection allows you to set a floor on milk against Class III, Class IV component-based prices.”

Roth says it also helps farmers be more mindful of milk prices and how their production is directly impacted by swings in the market.

Every quarter farmers can adjust coverage levels for 80 to 95 percent of revenue.