Livestock Gross Margin (LGM)
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 and Lamb)-Provides protection against declining livestock prices if the price, as specified in the policy, drops below the producer’s selected coverage price.