Livestock Gross Margin (LGM)
Provides protection for cattle, dairy cattle and swine.
- LGM Cattle protects the gross margin between the market value of cattle minus the feeder cattle and feed costs on cattle.
- LGM Dairy protects the gross margin between the market value of milk minus the feed costs on the milk produced from dairy cows.
- LGM Swine protects the gross margin between the value of insured hogs and the cost of corn and soybean meal as well as declines in hog prices and an increase in feed costs.
Coverage Levels:
- With LGM Cattle, you can choose deductible amounts from $0 to $150 per head, in $10 increments.
- With LGM Dairy, you can select deductible amounts from $0 to $2 per hundredweight (cwt) of milk, in $0.10 increments./li>
- With LGM Swine, you can choose deductible amounts from $0 to $20 per head, in $2 increments.
Availability: All 50 states
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