The USDA’s Risk Management Agency (RMA) is designed to help producers manage their business risks through effective, market-based risk management solutions.
RMA, through the Federal Crop Insurance Corporation, provides crop and livestock insurance to American farmers to protect against production or revenue losses.
Livestock Gross Margin – cattle provides protection against the loss of gross margin (market value of livestock minus feed costs) on cattle. LGM-cattle uses futures prices to determine the expected gross margin and the actual gross margin. The sales period for LGM-cattle begins on the last business Friday each month and ends the following day at 8 p.m.
Livestock Gross Margin – swine provides protection against the loss of gross margin on swine. Covered operations are farrow-to-finish, feeder pig-to-finish and segregated early-weaned operations. The sales period for LGM-swine begins on the last business Friday each month and ends the following day at 8 p.m.
Livestock Gross Margin – dairy provides protection to dairy producers when feed cost rise or milk prices drop. Gross margin is the market value of milk minus feed costs. LGM-dairy uses future prices for corn, soybean meal and milk to determine the expected gross margin and the actual gross margin. The sales period for LGM-dairy begins on the last business Friday each month and ends the following day at 8 p.m.
Livestock Risk Protection – Fed Cattle is designed to insure against declining market prices. Beef producers may select from a variety of coverage levels and insurance periods that correspond with the time their market-weight cattle will be sold. LRP-Fed Cattle can be purchased throughout the year from approved livestock insurance agents.
Livestock Risk Protection – Feeder Cattle is designed to insure against declining market prices. Producers can select from a variety of coverage levels and insurance periods that best correspond with time their feeder cattle will be marketed. LRP-Feeder Cattle can be purchased throughout the year from approved livestock insurance agents.
Livestock Risk Protection – Swine is designed to insure against declining market prices. Pork producers can select from a variety of coverage levels and insurance periods that best match their operation. LRP-Swine can be purchased throughout the year from approved livestock insurance agents.
Livestock Risk Protection – Lamb is designed to insure against unexpected declines in market prices. Sheep producers can select from a variety of coverage levels and insurance periods that match general feeding, production and marketing practices. LRP-Lamb may be purchased weekly, on Mondays, throughout the year from an approved livestock insurance agent.
To contact a livestock agent near you visit ozarksfn.com, or contact the Regional RMA Office at: 785-228-5512.
