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.

Dairy brokerage/data industry specialists Brian Rice and Pete Turk announce the launch of a new company, Rice Dairy Risk Services (RDRS).Based out of Chicago, RDRS offers insurance services to dairy producers through the newly formed program Dairy Revenue Protection (Dairy RP). The American Farm Bureau Federation announced the program August 8th — sign-ups through the new company will begin October 9th.

RDRS imagines this tool as part of an integrated risk strategy for US dairymen, and will expand existing advisory and technology solutions. The company will bring to the table an experienced team of advisors and customized technology to support industry demand.

“This Dairy RP insurance product will be a valuable tool for dairy farmers, and we predict broad uptake. We know the most effective use of it will be in conjunction with other risk tools,” says Ryan Yonkman, vice president of Rice Dairy.

Pete Turk, an owner of RDRS and sister companies Rice Dairy and Vault Technologies, notes,“We are ‘all in’ on this for our dairies. Our technology, Vault, will support RP so they can holistically manage risk with full visibility, and the Rice Dairy team will use our knowledge of dairy hedging. Dairy farming can be a challenging business at times, and we know they need to maximize this new opportunity being presented to them.”

Dairy operators can sign up now to stay in touch about the new program with RDRS at www.ricedairy.com/rdrs. Dairy RP policies will be available for sign up on October 9th.