CATTLE

 Many producers are unaware that insurance exists to protect their financial risk of raising livestock.  The Livestock Risk Protection Insurance Plan includes, hogs and cattle and is designed to insure against declining market prices.  Producers may choose from a variety of coverage levels and insurance periods that correspond with the time your market animals would normally be sold.

Choose Your Coverage for:

Feeder Cattle:

https://www.rma.usda.gov/-/media/RMA/Fact-Sheets/National-Fact-Sheets/LRP-Feeder-Cattle.ashx?la=en

Fed Cattle:

https://www.rma.usda.gov/Fact-Sheets/National-Fact-Sheets/Livestock-Risk-Protection-Fed-Cattle

 The Livestock Gross Margin for Cattle (LGM for Cattle) Insurance Policy provides protection against the loss of gross margin (market value of livestock minus feeder cattle and feed costs) on cattle. The indemnity at the end of the 11-month insurance period is the difference, if positive, between the gross margin guarantee and the actual gross margin. 

The LGM for Cattle Insurance Policy uses futures prices to determine the expected gross margin and the actual gross margin. Adjustments to futures prices are state- and month-specific basis levels. The price the producer receives at the local market is not used in these calculations.

Summary:

https://proudtofarm.com/wp-content/uploads/2021/06/Livestock-Gross-Margin-Insurance-Cattle-fact-sheet.pdf

Do you have a high priced bull? 

Are you on the road between pastures often?

Most coverages don't cover animals in transit or have a non-sufficient dollar amount per value in their standard farm policies

CONTACT US TO DISCUSS !