Dairy Revenue Protection (DRP) Quoting in Coverage Analyzer

DRP Quoting

Dairy Revenue quoting in Coverage Analyzer allows for election of interval, level(s), pounds, share, protection factor, and price option for a given sales effective date. Price will be determined based on price option and provided price option specific factors. For class price option selections see class based pricing section; for component price option selections see component based pricing section.

Multiple intervals can be elected per sales effective date; each interval allows for pounds, share, protection factor, and price option election.

Class Based Pricing

Class Based Pricing requires weighting factor for Class III to be selected; the Class IV weighting factor will be derived from the Class III weighting factor. The price is calculated by combining the calculated Class III price with the calculated Class IV price.

Component Based Pricing

Class Based Pricing requires both Butterfat Test Pounds and Protein Test Pounds to be selected. The price is calculated by combining the calculate Butterfat price, calculated Protein price, and calculated Other Solids price.

DRP Illustration

Illustrations with Class Price Option will display Class III and Class IV price factors in the illustration footer.

Illustrations with Component Price Option will display Butterfat, Protein, and Other Solid factors in the illustration footer.