Livestock Gross Margin Insurance
Livestock Gross Margin (LGM) Insurance protects against the loss of gross margin in the feeding margin for cattle and swine.
- This cattle insurance policy uses future prices to determine expected gross margin and actual gross margin. LGM pays an indemnity if the insured gross margin is greater than the total actual gross margin at the end of the insurance period.
- An option covering both the cost of feeder cattle and feed is available.
- Dairies are protected on the gross margin between feed cost and milk prices.
Deadline: Anytime throughout the year
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