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Livestock Gross Margin Dairy Insurance (LGM Dairy), uses futures prices for corn, soybean meal and milk to determine expected and actual gross margin - the market value of milk minus feed costs.
Livestock Gross Margin Insurance (LGM), protects against loss of gross margin - the market value of finished livestock minus feeder cattle and feed/corn costs during the insurance period. LGM is also available for Swine and Cattle.
Livestock Risk Protection (LRP) is designed to insure against declining market prices without restricting profit potential. Coverage is available for swine, feeder cattle and fed cattle.
Risk Management Agency
Prices and Premium Rates