The information below has been supplied by dairy marketers and other industry organizations. It has not been edited, verified or endorsed by Hoard’s Dairyman.

House Agriculture Committee Ranking Member Collin Peterson welcomes the announcement of the Dairy Revenue Program, a new risk management product for our nation’s dairy producers approved through the Federal Crop Insurance Act process by USDA-RMA earlier today:

"As I meet with farmers around my district, it is clear that times continue to be tough for the dairy industry. Our producers need more tools to manage their risk. Individual dairies have diverse risk management needs, and I’m glad to see this new and innovative revenue insurance product announced. I hope DRP is the first of many new insurance products for livestock since new opportunities with private insurers and the Risk Management Agency were opened earlier this year.”

More on the program and other USDA Risk Management Agency dairy and livestock products can be found by clicking here.