Livestock Insurance

LGM provides loss protection against the gross margin which is determined by the market value of the livestock minus feed costs. Maintaining profitability margins against production expenses can be challenging when raising animals to the market weight. An indemnity will be paid if the actual gross margin is lower than the guaranteed gross margin. This coverage lets producers select the coverage level, coverage price, and insurance period that match their marketing cycle. This is available on cattle and swine.

LGM Dairy provides protection against the loss of gross margin due to the combination of high feed costs and low milk prices. Gross margin for dairy is the market value of milk less feed costs. An indemnity will be paid if the actual gross margin is lower than the guaranteed gross margin. This coverage also lets producers select the coverage level, coverage price, and insurance period that match their marketing cycle.

LRP provides protection against a decline in livestock prices. This policy is designed to protect the producers profit if prices were to decline within the period in which they purchased the insurance. This coverage also lets producers select the coverage level, coverage price, and insurance period that match their marketing cycle. This is available on swine, feeder cattle, fed cattle and lambs.