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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.

Livestock Risk Protection (LRP)

Livestock Risk Protection (LRP) insures against declining market prices (based on USDA's Agricultural Market Service).
Dairy Revenue Protection (DRP)

Dairy Revenue Protection (DRP) is designed to insure against unexpected declines in the quarterly revenue from milk sales relative to a guaranteed coverage level.
Livestock Gross Margin (LGM)

Livestock Gross Margin (LGM) provides protection against the loss of gross or finishing margins caused by a drop in animal prices or increase in feed prices.
Livestock Gross Margin Dairy (LGM-Dairy)

LGM-Dairy Cattle (LGM-Dairy) provides protection against loss of gross margin (market value of milk minus feed costs) on milk produced from dairy cows.