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
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https://www.rma.usda.gov/en/Fact-Sheets/National-Fact-Sheets/Livestock-Risk-Protection-Swine
The Livestock Gross Margin Insurance Plan for Swine (LGM-Swine) provides protection against the loss of gross margin (market value of livestock minus feed costs) on swine. LGM-Swine uses futures prices to determine the expected gross margin and the actual gross margin. The price you receive at the local market is not used in these calculations.
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