Now offering DRP customers bi-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 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 live 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 DRP analyzer tool is now available as a mobile app.
1) 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 provides a safety net for unforeseen challenges.
2) The DRP Analyzer Tool 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 new 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 DRP Analyzer Tool an invaluable peace-of-mind tool for planning.
3) New Dairy Marketing Calls with dairy expert Dr. Marin Bozic, are invaluable add-ons for GreenStone’s DRP customers. These free, bi-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 new dairy food processing technologies. A leading contributor to the Dairy Revenue Protection program, Dr. Bozic is also the creator of the DRP Analyzer Tool. 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.
4) GreenStone is excited to provide dairy producers with a new mobile app for Dairy Revenue Protection! The new DRP app offers all the convenience and ease of use of the GreenStone website analyzer tool, but now on a mobile device. Farmers can perform side-by-side comparisons of coverage details unique to each operation, including the ability to track income and calculate loss probability. The DRP mobile app is designed to help producers decide on risk management strategies based on quarterly statistics. For more information, contact your local branch.
Let GreenStone support your success
We can help you remove guesswork from forecasting and budgeting, while protecting your revenue from potentially devastating market lows. For information about DRP, or to place your DRP policy and get added-bonus access to the free DRP Analyzer Tool and Dairy Marketing Calls, contact a GreenStone crop insurance specialist now at a branch office near you.
To view the article in the online 2020 Fall Partners Magazine, click here.