Livestock Insurance Plans

Livestock Insurance Plans

There are three options you can use for risk management when it comes to livestock. Dairy Revenue Protection (DRP) provides protection against a decline in revenue (yield and/or price) on the milk produced from dairy cows on a quarterly basis. Livestock Gross Margin (LGM) provides protection against loss of gross margin (market value of livestock minus feed costs). LGM is available for beef cattle, dairy cattle and swine. Livestock Risk Protection (LRP) provides protection against price declines. LRP is available for feeder cattle, fed cattle, and swine.