With recent forecasts predicting lower milk prices and tighter dairy income margins ahead, is 2023 the year you explore dairy risk management options? 

Progressive Dairy provides monthly online updates of important dates, reports and advice affecting risk management decisions.

With the end of another quarter near, dairy producers managing risk through the Dairy Revenue Protection (Dairy-RP) program face a coverage deadline. 

Modern milk price risk management has been around for more than 20 years. As we have seen in 2020, with the impact of COVID-19 on the dairy market, milk price volatility is not going away.

The milk-price risk management landscape has changed immensely over the last few years. This article takes a brief look at available programs and highlights what to consider when evaluating how to manage that risk.