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.