Dairy Revenue Protection
March 24, 2021
Dairy Revenue Protection solution offers insurance against unexpected declines in the quarterly revenue from milk sales when compared to a guaranteed coverage level.
A data-driven insurance solution based on the Monte Carlo simulation and includes multiple factors such as location (State), milk production level, milk quality, insurance period, and coverage levels.
It insures against unpredictable milk sales revenue drops, caused by yield or price drops, by covering the difference between quarter-based final revenue guarantee and actual milk revenue.
- Estimates premiums
- Protects revenue against unexpected declines
- Pricing options based on class and component