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. 

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