Cattle, LGM, & PRF
Pasture, Rangeland and Forage Insurance (PRF)
PRF provides protection to livestock and forage producers against the lack of rainfall in their grazing or growing operation. The PRF Program was designed as a risk management tool for the 588 million acres of pastureland and the 61.5 million acres of hayland in the United States. This innovative program is designed to give forage and livestock producers the ability to buy insurance protection for losses of forage produced for grazing or harvested for hay.
Livestock Gross Margin (LGM)LGM Dairy Cattle provides protection to dairy producers when feed costs rise or milk prices drop. Gross margin is the market value of milk minus feed costs. LGM Dairy uses futures prices for corn, soybean meal, and milk to determine the expected gross margin and the actual gross margin.
|Commodity Exchange Endorsement|