Livestock

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Livestock Gross Margin (LGM)

Provides protection against the loss of gross margin when the costs of feed rise or output prices for cattle, milk or swine fall below a guaranteed level.

LGM-Dairy
Provides protection when milk prices drop or feed costs rise. Any indemnity would be the positive difference between the gross margin guarantee and the actual gross margin at the end of the eleven-month insurance period. The policy does not cover the death of cattle, unexpected milk production decrease or unexpected increase in feed use.

LGM-Cattle
Provides protection against the loss of market value of the cattle less the costs of feed and feeder cattle. Any indemnity for this policy would be the positive difference between the gross margin guarantee and the actual gross margin at the end of the eleven-month insurance period. This policy does not protect against the death of cattle or any other unexpected loss or damage to the cattle.

LGM-Swine
Provides protection against the loss of market value of the livestock less the costs of feed. Any indemnity for this policy would be the positive difference between the gross margin guarantee and the actual gross margin at the end of the six-month insurance period.

Livestock Risk Protection (LRP)

Provides protection against price decline on a percentage of the end value of the commodity.

LRP-Feeder Cattle
Provides protection against price decline based on the coverage chosen and the end values based on weighted average prices from the Chicago Mercantile Exchange Group Feeder Cattle Index. The insurance premium must be paid the day you purchase the policy for coverage to begin.

LRP-Fed Cattle
Provides protection against price decline based on the coverage chosen and the end values based on weighted prices from the USDA’s Agricultural Marketing Service. In order for coverage to begin, the premium must be paid the day you purchase the policy.

LRP-Lamb
Provides protection against price decline based on the coverage chosen and the end values based on weekly average prices using the “Calculated Formula Live Price” from the USDA’s Agricultural Marketing Service. In order for coverage to begin, the premium must be paid the day you purchase the policy.

LRP-Swine
Provides protection against price decline based on the coverage chosen and the end values based on price series data from the USDA’s Agricultural Marketing Service. Coverage begins the day you purchase a particular endorsement and RMA approves that purchase.
 

Time Zones

13

Countries

70

Brands

12

Agents

9500