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Livestock
Buying a livestock insurance policy is one risk management option.
Producers should always carefully consider how a policy will work in
conjunction with their other risk management strategies to insure the
best possible outcome.
Livestock Gross Margin (LGM)
Provides protection against loss of gross margin (market value of livestock minus feed costs).
LGM Cattle
LGM Dairy
The Federal Crop Insurance Act limits the funds available to support livestock plans of insurance to $20 million in a fiscal year. RMA has allocated additional funding to the Livestock Gross Margin for Dairy Cattle (LGM-Dairy) plan of insurance for the December 26, 2014, sales period. However, depending on the participation in the December 26, 2014, sales period, capacity for LGM-Dairy may be exhausted for the remainder of the 2015 insurance year.
LGM Swine
Livestock Risk Protection (LRP)
Provides protection against price declines.
Other Livestock Resources
*Ineligibility Amendment (15-Ineligibility) modifies the Livestock Gross Margin for Cattle Insurance Policy Basic Provisions, Livestock Gross Margin for Dairy Cattle Insurance Policy Basic Provisions, Livestock Gross Margin for Swine Insurance Policy Basic Provisions, and the Livestock Risk Protection Insurance Policy Basic Provisions for the 2015 and succeeding crop years for all crops with a 2015 contract change date on or before April 30, 2014.
*Farm Bill Amendment (15-Livestock-Farm Bill) modifies the Livestock Gross Margin for Cattle Insurance Policy Basic Provisions, Livestock Gross Margin for Dairy Cattle Insurance Policy Basic Provisions, Livestock Gross Margin for Swine Insurance Policy Basic Provisions, and the Livestock Risk Protection Insurance Policy Basic Provisions for 2016 and succeeding crop years.
Contact Information
For more information, contact Livestock.
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