Protecting Your Herd—and Your Bottom Line—With Livestock Policies

Livestock Gross Margin (LGM) for dairy operations helps protect you when feed costs rise or milk prices drop. It’s important to note that LGM doesn’t cover losses from livestock death or any damage to your animals or milk production.

Livestock Gross Margin (LGM) helps protect you when your actual gross margin falls short of the guaranteed amount. It’s important to note that LGM doesn’t cover losses from livestock death or any damage to your animals —it’s strictly about the margin. 

Livestock Risk Protection (LRP) is designed to protect you from falling market prices. Coverage applies only to livestock you own a share in, as defined by the LRP policy. You can buy Specific Coverage Endorsements (SCEs) any time throughout the year, with new sales.

Dairy Revenue Protection (DRP) helps safeguard your income if milk revenue drops unexpectedly during a three-month period. It works by comparing your actual revenue to a guaranteed level. That guarantee is based on milk and dairy futures prices and the amount of milk you choose to cover. Plus, your coverage is indexed to the state or region where your dairy is located.