Dairy Farmers Get Access To Insurance To Protect Themselves From Risks Of Declining Milk Values
05/09/18 – 4:11 P.M.
Dairy farmers face a lot of risk with prices trending downward for the past several years. Ohio Farm Bureau’s Joe Cornely talked to WFIN about the issue.
Cornely said that because of this they are offering “Dairy Revenue Protection” insurance. This will allow farmers to insure their milk production and price in case the market drops again. Cornely said that the insurance will be set against specific costs and production values.
Cornely added that this protection will help many dairy farmers manage risk and stay in business.