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Federal Livestock Program
The Federal Livestock program includes three separate plans.
While all of these plans are under the Federal Livestock Program, they are unique. Livestock Gross Margin (LGM) insures against a loss of gross margin, or the value of the livestock/milk minus the cost of feed/feeders. Livestock Risk Protection (LRP) insures against a decline in price during the insurance period. Dairy Revenue Protection (DRP) insures against unexpected declines in quarterly milk sales.
