The current price projection for 2023 is averaging $1.25 per hundredweight, and the cost for the $9.50 coverage is about $0.15 per hundredweight, says David Balbian, a dairy Extension specialist with Cornell University Cooperative Extension.
The current price projection for 2023 is averaging $1.25 per hundredweight, and the cost for the $9.50 coverage is about $0.15 per hundredweight, says David Balbian, a dairy Extension specialist with Cornell University Cooperative Extension.
Balbian also believes 80% of the yearly premium projected is to be covered by January’s projected payment.
But, price projections can also change, which is why locking at the right time can benefit you and your operation all year. You can put your farm’s numbers into the Dairy Markets & Policy calculator to help you decide which coverage level option is best suited to your dairy’s needs.
You can also connect with your local Farm Service Agency for specific details related to your farm’s situation.
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