Crop Insurance

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Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM)

Farm Credit Mid-America offers two kinds of livestock insurance: Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM). Both LRP and LGM policies are available through the Federal Crop Insurance program. You can customize both LRP and LGM policies for your individual needs and efficiently manage price risk without use of the futures market. 

LRP Insurance
  • Covers the risk of price declines for feeder cattle and swine
  • Provides an indemnity if a regional or national cash price index falls below an insured coverage price
  • Offers single-peril price risk protection for future sale of insured livestock
LGM Insurance
  • Provides protection against loss of gross margin in the feeding margin for cattle and swine 
  • Protects dairies on the gross margin between feed cost and milk prices
  • Pays an indemnity if the insured gross margin is greater than the total actual gross margin at the end of the insurance period
Crop Insurance and Operating Loans
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