What is livestock revenue insurance?
Livestock revenue insurance includes insurance products that protect a producer against a decline in revenue reflected in the market.
Types of livestock revenue insurance
- The Risk Management Agency currently has two revenue insurance products that help livestock producers manage market risk:
- Livestock Gross Margin (LGM)
- Livestock Risk Protection (LRP)
- In addition, Whole Farm Revenue Protection (WFRP) serves as a risk management tool providing coverage for all commodities on the farm, including both crops and livestock.
Check out the fact sheet to learn more about the types of livestock revenue insurance.
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