DRP Protection Analyzer
The DRP Analyzer enables FCNM cooperative members 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.
“When producers come to us with questions, we can use the analyzer tool to view how the insurance policy would perform under specific conditions, giving the dairy farmers security in making the right risk management decision,” says FCNM Insurance Services Team.
Ease of use, instant reports, and ongoing development to add extra features and benefits make FCNM DRP Analyzer an invaluable peace-of-mind tool for planning.
Dairy Revenue Protection is a federally subsidized product and provides insurance for differences between the final revenue guarantee and actual milk revenue if prices fall. It also offers a choice of prices, from those that focus on cheese to fresh milk, protein, or butterfat. Coverage levels are available from 80 to 95 percent of revenue.
For information about Dairy Revenue Protection, or to access the free DRP Analyzer tool, contact your Farm Credit of New Mexico Crop Insurance Officer.
Jake Caldwell
Senior Insurance Officer – Western New Mexico