Livestock insurance is a relative newcomer to the many risk management tools producers have available. Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM) offer coverage to insure against declining market prices for the period selected. LRP is available for fed and feeder (including dairy) cattle, swine and sheep at a variety of levels and terms. LGM incorporates the costs of feed into the insurance plan and provides protection of the gross margin between the value of the insured animal and the costs of feed. LGM is available for swine, cattle and dairy cattle.
To learn more about Livestock Gross Margin (LGM) – Dairy visit future.aae.wisc.edu/lgm_dairy.html