Livestock & Dairy Insurance
Livestock & dairy insurance help protect against the risk of fluctuating prices and feed costs.
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.
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.