1、 https:/crsreports.congress.gov September 20, 2018Dairy Revenue Protection InsuranceBackground In recent years, dairy farmers have experienced low milk prices. From 2015 to the present, milk prices received by dairy farmers have averaged 20% lower than the relatively high price period of 2011-2014.
2、Many dairy producers believe the 2014 farm bills dairy Margin Protection Program (MPP), a commodity support program under Title I of the 2014 farm bill, has been an ineffective safety net and have been seeking alternatives. On August 8, 2018, the U.S. Department of Agriculture (USDA) Risk Management
3、 Agency (RMA) announced the forthcoming Dairy Revenue Protection (Dairy-RP) insurance policy. Dairy-RP is to be available starting October 9, 2018, according to the American Farm Bureau Federation (AFBF). The policy was developed by the AFBF and the American Farm Bureau Insurances Services through t
4、he Federal Crop Insurance Corporations (FCIC) 508(h) private submission process that is authorized by the Federal Crop Insurance Act (7 U.S.C. 1501 et seq.). Dairy-RP policies are to be sold by Approved Insurance Providers (AIPs) who choose to offer the policies in the states in which they operate.
