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United States Department of Agriculture Federal Crop Insurance CorporationFCIC 20400U (042019)DAIRY REVENUE PROTECTION INSURANCE STANDARDS HANDBOOK 2020 and Succeeding Crop Reunited STATES DEPARTMENT

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How to fill out dairy revenue protection insurance

01

Contact an authorized insurance agent that offers dairy revenue protection insurance.

02

Provide your basic information and details about your dairy operation to the insurance agent.

03

Determine the milk production history for your dairy operation.

04

Select the level of coverage and endorsement options that best suit your needs.

05

Submit the application and pay the appropriate premium for the insurance policy.

06

Keep track of your milk production and revenue throughout the insurance period.

07

In the event of a milk price decline, file a claim with the insurance company.

08

Provide any necessary documentation or proof of loss as requested by the insurance company.

09

Cooperate with the insurance company in the claim settlement process.

10

Receive the indemnity payment if the claim is approved and meet the policy requirements.

Who needs dairy revenue protection insurance?

01

Dairy farmers who want to protect their revenue from fluctuations in milk prices.

02

Dairy operations that rely heavily on milk revenue as a significant part of their income.

03

Farmers who want to manage the financial risks associated with milk price declines.

04

Producers who want to safeguard their dairy operation against unexpected revenue losses.

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What is dairy revenue protection insurance?

Dairy revenue protection insurance is a risk management tool that provides dairy farmers with protection against unexpected declines in milk prices and/or production.

Who is required to file dairy revenue protection insurance?

Any dairy farmer who wants to protect their revenue from fluctuations in milk prices and production is encouraged to consider filing for dairy revenue protection insurance.

How to fill out dairy revenue protection insurance?

To fill out dairy revenue protection insurance, dairy farmers need to contact a licensed insurance agent who can assist them in completing the necessary paperwork and selecting the appropriate coverage levels.

What is the purpose of dairy revenue protection insurance?

The purpose of dairy revenue protection insurance is to help dairy farmers manage risk and protect their revenue from unpredictable changes in milk prices and production.

What information must be reported on dairy revenue protection insurance?

Dairy farmers must report their expected milk production, expected milk prices, and select coverage levels when filing for dairy revenue protection insurance.

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