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)

LGM Cattle

• 2010 Policy *See mandatory Ineligibility Amendment, Farm Bill Amendment, and footnotes.
• *Ineligibility Amendment (15-Ineligibility)
• *Farm Bill Amendment (15-Livestock-Farm Bill)
• 2010 Underwriting Rules
• 2008 Handbook
• Premium Calculation Instructions
• 2010 LGM Commodity Exchange Endorsement
• Frequently Asked Questions: PDF | HTML

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.

• 2009 Handbook
• 2015 Fact Sheet
• 2011 Policy *See mandatory Ineligibility Amendment, Farm Bill Amendment, and footnotes.
• *Ineligibility Amendment (15-Ineligibility)
• *Farm Bill Amendment (15-Livestock-Farm Bill)
• 2011 Underwriting Rules
• 2011 Premium Calculation Instructions
• 2011 LGM Commodity Exchange Endorsement
• Frequently Asked Questions: PDF | HTML

LGM Swine

• 2008 Handbook
• Fact Sheet
• Premium Calculation Instructions
• 2012 Policy *See mandatory Ineligibility Amendment, Farm Bill Amendment, and footnotes.
• *Ineligibility Amendment (15-Ineligibility)
• *Farm Bill Amendment (15-Livestock-Farm Bill)
• 2012 Underwriting Rules
• 2012 LGM Commodity Exchange Endorsement
• Frequently Asked Questions: PDF | HTML

Livestock Risk Protection (LRP)

Provides protection against price declines.

• 2010 Policy *See mandatory Ineligibility Amendment, Farm Bill Amendment, and footnotes.
• *Ineligibility Amendment (15-Ineligibility)
• *Farm Bill Amendment (15-Livestock-Farm Bill)
• 2008 LRP Handbook
• Slipsheet
• LRP-Lamb FAQ: PDF | HTML
• Specific Coverage Endorsements
• Feeder Cattle (10-lrp-feeder cattle).
• Fed Cattle (08-lrp-fed cattle).
• Lamb (15-lrp-lamb).

LRP-Lamb sales will resume on May 4, 2015.
• Swine (08-lrp-swine).
• Underwriting Rules
• LRP-Feeder Cattle
• LRP-Fed Cattle
• LRP-Lamb
• LRP-Swine
• Premium Calculation Worksheets
• LRP-Feeder Cattle
• LRP-Fed Cattle
• LRP-Lamb
• LRP-Swine
• Fact Sheets
• LRP Feeder Cattle
• LRP Fed Cattle
• LRP Lamb
• LRP Swine
• Training
• LRP Cattle Training Video (closed-captioned).

Other Livestock Resources

• Coverage Prices, Rates and Actual Ending Values
• Chicago Mercantile Exchange Notice
• Livestock Handbooks - All LRP and LGM handbooks in the 20000 series
• Livestock Reports - LRP's coverage prices/rates and LGM's Expected and Actual Gross Margins.
• Livestock Price Insurance Companies
• Livestock Price Insurance Companies by state

*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.