Two head of red cattle hanging their heads over a fence.
Livestock Risk Protection (LRP) Cattle

LRP is similar to a put option in that it allows producers to establish a floor price for protection while leaving upside price potential open. Specific coverage endorsements may be purchased year-round for both Feeder and Fed Cattle.

Three head of black-faced sheep in a green pasture.
Livestock Risk Protection (LRP) Lamb

LRP Lamb is for lambs the producer intends to market for slaughter at the end of the insurance period. It provides protection from a price decline during policy coverage periods. LRP Lamb is sold year-round, with premium rates, coverage prices, and actual ending values changing weekly.

Group of white piglets in a pen of straw.
Livestock Risk Protection (LRP) Swine

LRP Swine is designed to insure against declining market prices. Producers may choose from several coverage levels and insurance periods to correspond with when their hogs would normally be marketed. LRP allows for investment protection while waiting for optimal marketing conditions. 

Herd of both polled and horned Hereford cattle on a ranch near a mountain range.
Livestock Gross Margin (LGM) Cattle

LGM Cattle protects against the loss of gross margin (market value of livestock minus feeder cattle and feed costs) on yearling and calf feeder cattle. However, LGM does not insure against death loss or any other loss or damage to the producer’s cattle.

Brown Jersey Dairy Cattle sticking their heads through a fence.
Livestock Gross Margin (LGM) Dairy

LGM Dairy provides protection against the loss of gross margin (market value of milk minus feed costs) on the milk produced by dairy cows. The LGM policy for dairy cattle uses futures prices for corn, soybean meal, and milk to determine the expected gross margin and the actual gross margin.

Group of crossbred piglets on green slats.
Livestock Gross Margin (LGM) Swine

LGM Swine provides protection against decreasing finishing margins caused by a drop in lean hog prices and/or an increase in feed prices. However, the LGM policy does not insure against death loss or any other loss or damage to the producer’s animals.