Dairy Revenue Protection (Dairy RP) is an area-based revenue product designed to insure against unexpected declines in the quarterly revenue from milk sales relative to a guaranteed coverage level.
Dairy RP is a valuable tool, especially when used alongside other risk tools. Rice Dairy has a team of experienced risk managers that are ready to build and execute a comprehensive plan that works for you.
Vault shows you what percent hedged you are (and what percent exposed) and how you’re hedged. It also lets you run scenarios. RP will be a fantastic addition to this, working cohesively with the tools already provided in Vault.
Dairy RP is available for purchase after 4pm CST and before 9am CST on any day that the USDA does not release a report (Dairy Products, Cold Storage, and Milk Production). However, call in any time to get your account set up with a Rice Dairy agent.