An economist says more dairy farmers are utilizing the risk management programs for milk.
Danny Munch with American Farm Bureau Federation says since 2019, there has been a general increase in the amount of milk production insured and the number of policies sold to producers. “Since 2019, just under 4,000 policies were sold and now we’re up over 5,400 policies sold under Dairy Revenue Protection. When we jump down to LGM-Dairy, Livestock Gross Margin Dairy, it’s a much smaller amount of production that’s being insured under that program.”
Munch tells Brownfield there were over 16-hundred LGM Dairy policies last year, and there are around 13-hundred and 50 so far this year, with additions every month.