CEO and Founder, Joshua Woodard, is an Expert Reviewer for the Federal Crop Insurance Corporation (FCIC) and has years’ experience in the development and creation of various Insurance products – many currently used in the market today, such as Dairy-RP and Trend APH.
Dairy Revenue Protection (Dairy-RP) is designed to insure against unexpected declines in the quarterly revenue from milk sales relative to a guaranteed coverage level. The expected revenue is based on futures prices for milk and dairy commodities and the amount of covered milk production elected by the dairy producer. The covered milk production is indexed to the state or region where the dairy producer is located.
The Trend-Adjusted APH Yield Option adjusts yields in APH databases to reflect increases in yields through time in the county. Trend adjustments are made on each eligible yield within a qualifying APH database based on the county’s historical yield trend, which is provided in the county actuarial documents.