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LIVESTOCK INSURANCE

Dairy Revenue Protection (DRP)

  • Available October 9th, 2018 for daily sales (provided available in the actuarials)
  • Insures against unexpected declines in the quarterly revenue from milk sales relative to a guaranteed coverage level selected.
  • Based on futures prices for milk and dairy commodities and the amount of covered milk
    production elected; sold on component or class pricing.
  • The covered milk production is indexed to the state or region where the dairy producer is located.

Livestock Gross Margin (LGM)

Available on: 
  • CATTLE – Provides protection against loss of gross margin (market value of cattle minus feeder cattle and feed costs) on cattle.
  • HOGS- Provides protection of the gross margin between the value of insured hogs and the cost of corn and soybean meal.
  • DAIRY CATTLE- provides protection against the loss of gross margin (market value of milk minus feed costs) on the milk produced from dairy cows.

 Livestock Risk Protection (LRP)

Available on:
  • CATTLE, SWINE & LAMBS – Provides protection against declining livestock prices if the price, as specified in the policy, drops below the producer’s selected coverage price.