Cattle producers have two price risk management tools available to them that are offered by the United States Department of Agriculture Risk Management Agency (RMA).
- Livestock Risk Protection (LRP) provides protection against price declines.
- Livestock Gross Margin (LGM) provides protection against loss of gross margin (market value of livestock minus feed costs).
For more information including an LRP analyzer, please click here.
Iowa Farm Bureau is hosting a two-part webinar series in June. The first one is on June 9 and includes details on sign-up, use and examples of LRP for cattle and hogs. For more information and to register, go to this link
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