Revenue Protection – DRPP and Crop Insurance

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Event Information

Date: 

February 1st, 2019

Time: 

9:30am - 2:30pm

Cost: 

$5

Contact: 

Scott Reuss

Phone: 

715-732-7510

Email: 

scott.reuss@ces.uwex.edu

Friday, February 1 @ the Lena Town Hall (6087 Goatsville Road at the intersection of Goatsville & Jagiello Roads NW of Village of Lena)
$5 registration fee – includes lunch
Pre-registration appreciated, call 715-732-7510 or e-mail scott.reuss@ces.uwex.edu

SCHEDULE

  • 9:30 a.m. Registration and refreshments
  • 10 a.m. to Noon Dairy Revenue Protection Program
    Learn about the Dairy Revenue Protection program, a new federal insurance tool, with a quarterly payout to dairy farms when milk revenue falls below their insured revenue level. Mark Stephenson, Director of the UWCenter for Dairy Profitability, will provide a comprehensive overview of the Dairy Revenue Protection program and updates to the FSA Dairy Margin Protection Program (MPP), as another tool for dairy farmers when milk prices are low. Important changes to the MPP (including the name, as it is now the DMC – Dairy Margin Coverage) have been passed in the new Farm Bill that may make this program worth a second look.
    The discussion will cover the following specific information for dairy farmers considering the program:
    · New Dairy Revenue Protection (RP) program structure and function
    · Overview of Dairy programs RP, DMC, and Livestock Gross Margins (LGM)
    · FSA implementation
    · Expected returns
    · Decision making tool & calculations
  • Noon to 12:45 Lunch and discussion
  • 12:45 to 2:30 p.m. Crop Insurance for 2019
    Crop Insurance changes in the just-passed Farm & Food Bill are not huge, but there will be some changes to programs and there will also be changes to expected premiums for 2019. Join Scott Reuss for this side of revenue protection – forage and grain crops. We’ll review all the policy types to make sure you are aware of what is truly available. Then, we will compare usage of these differing policies and how you can consider using either new opportunities or new approaches to best protect all types of crop production in 2019.

Other Dairy Revenue Protection Program Workshops in our area:

Jan. 31, 2019, 10 a.m. – Green Bay, Neville Public Museum, 210 Museum Pl, Green Bay, WI. (lunch and afternoon program to follow)
Contact: Liz Binversie, Brown County UW-Extension, (920) 391-4612
Jan. 31, 2019, 1 p.m. – New London, Crystal Falls Banquet Hall, 1500 Handschke Drive, New London, WI (noon lunch).
Contact: Greg Blonde, Waupaca County UW-Extension greg.blonde@ces.uwex.edu or (715) 258-6231 or Sarah Grotjan, Outagamie County UW-Extension sarah.grotjan@ces.uwex.edu or (920) 832-5129
Feb. 13, 2019, 1 p.m. – Lincoln County Service Center – Assembly Room in the Upper Level, 801 North Sales Street, Merrill, WI.
Contact: Dan Marzu Lincoln County UW-Extension, (715) 539-1072

Event Location

Lena Town Hall
6087 Goatsville Road


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