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Dairy Revenue Protection from AFBIS Inc.

Dairy Revenue Protection from AFBIS Inc.

Dairy RP from Farm Bureau Sells Crop Insurance

  • What is Dairy RP?
  • How Does Dairy RP Work?
  • AFBIS, Inc. + Dairy RP
  • Want More Information?
  • Guest Dairy RP Quoter
  • View Our Agent Locator

AFBIS, Inc. Is Proud To Introduce Dairy Revenue Protection

American Farm Bureau Insurance Services, Inc. (AFBIS) is proud to have brought you Dairy Revenue Protection (Dairy RP), an insurance product made specifically for dairy producers.

Learn more about AFBIS, Inc. + Dairy RP

Daily Milk Prices

Dairy RP is typically sold each day once coverage prices and rates are validated beginning at approximately 3:00 pm Central Time and ending at 9:00 am Central Time the next business day. Sales will be suspended if RMA does not distribute the prices. Click here to view the sales calendar.
Dairy RP Logo

What is Dairy Revenue Protection?

Dairy Revenue Protection (Dairy RP) is an area-based revenue product designed to insure against unexpected declines in the quarterly revenue from milk sales relative to a guaranteed coverage level.

View the Dairy RP Brochure

How Does Dairy Revenue Protection Work?

1

Select Component or Class Pricing Option

Component Pricing Options:
Butterfat, Protein, Other Solid (fixed at 5.7%)
Class Pricing Options:
Class III & Class IV milk prices

2

Select Quarterly Insurance Period

3

Declare Covered Milk Production

4

Select Coverage Level

80 - 95% in 5% increments

5

Declare Share Percentage

6

Select Protection Factor

1.00 - 1.50 in 0.05 increments

How Dairy Revenue Protection Began

AFBIS, Inc. + Dairy RP

After being elected President of the American Farm Bureau Federation (AFBF) in January of 2016, Zippy Duvall gathered representatives from several state Farm Bureau® organizations to research what the members would need in the next Farm Bill. It became clear additional risk management tools were needed in the dairy industry. Drawing on his years of experience with the Federal Milk Marketing Order System, Dr. John Newton brought to AFBIS the idea for a risk management tool to support dairy producers. AFBF and AFBIS spoke with many dairy groups across the nation, including a January 2017 survey collecting opinions and data from dairy producers nationwide.

By May 2017, a concept proposal for Dairy Revenue Protection was presented to the Federal Crop Insurance Corporation’s (FCIC) board of directors. Dairy Revenue Protection then went to external expert review. Reviewers deemed it attractive and recommended proceeding with development.

In February 2018 the FCIC Board approved the product to be implemented. Working closely with the Risk Management Agency, on Wednesday, August 8, 2018 the product was officially released to the public.

Want more information on Dairy Revenue Protection?

Fill out the form and we will put you in contact with a Dairy RP resource.

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AFBIS, Inc. Locations

Fargo Office
1101 1st. Ave. N.
Fargo, ND 58102
(800) 662-5142

Raleigh Office
5171 Glenwood Ave, Suite 310
Raleigh, NC 27612
(888) 248-3588

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