What is DRP?


Dairy Revenue Protection (DRP) is an area-based coverage that protects against a combination of price and production losses during 3 month periods (quarters) in the future. Producers can buy up to 95% coverage on their expected revenue, which is a combination of their insured pounds and one of two pricing options:

Class Pricing is a combination of the Class III and Class IV milk prices, weighted using a factor that the producer elects.

Component Pricing uses the milk prices for butterfat, protein, and other solids as a basis for determining coverage and indemnities. The insured selects the declared butterfat test and declared protein test and the other solids test is fixed at 5.7 to establish the milk price.

Flexible Coverage

Choose the amount of production (lbs) you want to cover for your operation, then choose between Class Pricing or Component Pricing options.

No Claims Reporting

As an area-based policy, your claims are automatically calculated and paid by the insurance company.

Subsidized Price Hedge

The Dairy Revenue Protection plan is subsidized between 44% and 59%, which provides a unique opportunity for market-beating downside price protection.

Key Features of DRP

  • Coverage up 95% expected revenue
  • Buy up to 5 quarters in advance
  • Prices change daily with the markets

About Us

Innovative thinking from The Assure Group keeps both us and our customers ahead of the curve. We educate and help our customers understand the products they purchase. We help their decision making process with true analytics rather than emotion based decisions. The Assure Group provides crop insurance and risk-management tools to protect your profits. Let our team show you how.

— The Assure Group

Contact us


Contact Info

504 Main Street
Lafayette, IN 47901

info@theassuregroup.com

(765) 237-3002

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We'll walk you through all products available to your operation and work with you to make informed risk management decisions.