Livestock: Dairy Revenue Protection (DRP)

Overview

For the 2019+ RYs, the System has been updated to support the Livestock Dairy Revenue Protection (DRP) insurance plan. DRP provides growers with coverage protection against an unexpected decline in revenue (yield and/or price) on the milk produced from dairy cows. The policy covers the difference between the grower's final revenue guarantee and actual milk revenue during each quarter of the year.

For additional specifics regarding this coverage plan, see the RMA site page for Dairy Revenue Protection (DRP).

• The DRP plan is only available in the 2019+ RYs.
• DRP MUST be established on its OWN policy. It cannot be added to an existing LRP or LGM policy number or to an MPCI or WFRP policy number.
• DRP should NOT be set up as a quote with an intent to convert to a policy. Quote functionality is not available for DRP at this time.
• A Grower Record must exist before a DRP policy can be created. For help with adding a grower, see "Add a Grower".
• Currently, with LRP and LGM the SBI Livestock Share field displays on SBI records and has to be populated for transmission to eDAS. With the DRP plan, however, the share field displays as SBI Share on SBI records and will only need to be keyed if the SBI is ineligible. The Ineligible Share will be keyed in the SBI Share field on the SBI record. The Livestock SBI Share field WILL NOT be displayed for DRP policies. The ineligible SBI's share reduces the overall coverage.
• Beginning Farmer Rancher (BFR) and Conservation Compliance procedures are applicable to the Dairy Revenue Program. The designations for both BFR and Conservation Compliance for the Grower and/or SBI(s) need to be made on the Grower tab in order for the System to apply the correct logic to account for each.

 

Want to learn more?

"Create a DRP Coverage"

"Add Detail Lines to a DRP Coverage"