Now offering DRP customers weekly dairy marketing calls to help them stay abreast of the latest industry trends and plan for anticipated market changes.
GreenStone is pleased to provide dairy producers with a trio of specialized services that work together to protect and assist their businesses.
Our crop insurance professionals, combined with one of the dairy industry’s leading experts, have developed personalized risk management opportunities for dairy farmers that go beyond insuring product to actively help dairy operations succeed. With an analyzer tool that tracks and compares data for budgeting and forecasting, and online presentations highlighting the latest dairy trends, GreenStone customers have insider access to a solid line-up of support. In addition, for ease-of-use, the Livestock Insurance Analyzer tool is available as a mobile app.
- Dairy Revenue Protection (DRP) is a federally subsidized insurance product and a dairy farmer’s first line of defense against unexpected declines in quarterly milk sales revenue, relative to a guaranteed coverage level. The expected revenue is based on futures prices for milk and dairy commodities, and the amount of covered milk production elected by the dairy producer. Offered through GreenStone, DRP protects dairy farmers against losses incurred by market fluctuations beyond their control, providing a safety net for unforeseen challenges.
- The Livestock Insurance Analyzer is an exclusive product designed expressly for members who have signed a Dairy Revenue Protection application with GreenStone’s crop insurance team. The Analyzer enables customers to follow live daily tracking of producer endorsements and to develop operational projections based on production and revenue floors. The dairy industry comes with an array of seasonal variables; this tool allows side-by-side comparisons of coverage details unique to each farmer’s operation, including tracking income, calculated loss probability and personalized risk management based on actual quarterly statistics. Ease of use, instant reports and GreenStone’s ongoing development adding extra features and benefits make the Livestock Insurance Analyzer an invaluable peace-of-mind tool for planning.
- Dairy Marketing Calls with dairy expert Dr. Marin Bozic, are invaluable add-ons for GreenStone’s DRP customers. These free, weekly video calls cover topics such as DRP sales, premium levels vs. risk ahead, key drivers of dairy prices and market uncertainty over the next several months. Dr. Bozic is an assistant professor in the department of applied economics at the University of Minnesota. His research program in dairy economics focuses on dairy policy, risk management, demand for dairy foods and economics of dairy food processing technologies. A leading contributor to the Dairy Revenue Protection program, Dr. Bozic is also the creator of the Livestock Insurance Analyzer. His shared expertise during Dairy Marketing Calls will give our DRP customers the trending insight they need to make knowledgeable decisions for their dairy farms.
Let GreenStone support your success
We can help you remove guesswork from forecasting and budgeting, while protecting your revenue from potentially devastating market lows. Contact a GreenStone crop insurance specialist by calling 800-968-0061.
