A new dairy revenue protection (DRP) program launched this year, creating hopes it will provide another tool to help protect dairy farmers.
Adjusted for inflation, today's consumers are getting a very good deal.
For dairy, changes include increasing the insurable feed-milk margin from $8 to $9, calculating margins on a monthly basis and reducing premiums for herds producing less than 5 million lb of milk annually.
Bottom line, be prepared for milk markets to move in either direction.
The move to have California join the Federal Order system began in 2015, with the hope of improving state milk prices.
Spoiler alert: despite a host of challenges, most producers are optimistic about their futures.