The Livestock program includes two (2) separate plans:
- Livestock Risk Protection (LRP)
- Livestock Gross Margin
While both of these plans are under the Federal Livestock Program, they are different. Very simply stated, LGM insures against a loss of gross margin, or the value of the livestock / milk minus the cost of feed/feeders. LRP insures against a decline in price during the insurance period.
Recent Posts
