If you're keen to see how Figured's Milk Price Protection could serve your farm, here are the steps to follow:
How To Get Started
Head to Milk Price Protection via the navigation pane.
Using the Calculator
Explore your options and calculate what Milk Price Protection could look like for your farm, including estimated premiums. The total milk production and total costs will be pre-populated based on your date settings, however these can be edited as required.
Simply adjust the price at which you wish to protect your income, and the ratio of production you choose to protect. The pricing breakdown will also calculate the one-off premium amount required to fix your milk price.
The Revenue Projection tab helps you visualise how milk price protection will affect your plan.
Premium Pricing
The StoneX Live Pricing section shows the current pricing set by StoneX and is regularly updated in Figured. The Buy amount displays the amount you pay for the premium to lock in that price. As prices are constantly updating the price you see could be different to price you end up buying at.
Premium Calculation = Buy Price * (Total Production * Production Ratio)
Application Form
After discussing your strategy and confirm the milk solids you'd like to protect with your financial advisor you can create an account by filling in the application form
Complete the application with StoneX directly through Figured Milk Price Protection tab. If you need assistance at any point during the application process please message the green chat bubble and we will be happy to give you a call.
If you need to pause the application at any point you can return to where you left off
Please note: Figured cannot assist you with any financial advice on the milk price or protection rate and will always recommend you speak to your advisor.