Livestock insurance options for producers | TSLN.com

Livestock insurance options for producers

Amanda Nolz

Crop farmers have been using insurance for years in order to minimize risk, protect against disaster and establish price bottoms. It was only a matter of time before livestock insurance became readily available, and two programs, Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM insurance), were the topics of discussion at the Beef Marketing/Risk Management Session held in Worthing, SD at the Sioux Falls Regional Livestock Auction Barn on March 2, 2010.

Tia McDonald, extension associate in the Department of Economics at South Dakota State University (SDSU), reviewed the benefits of LRP and LGM to the producers in attendance at this meeting, and she encouraged ranchers to take advantage of these opportunities to minimize risk when making marketing decisions down the road.

Crop farmers have been using insurance for years in order to minimize risk, protect against disaster and establish price bottoms. It was only a matter of time before livestock insurance became readily available, and two programs, Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM insurance), were the topics of discussion at the Beef Marketing/Risk Management Session held in Worthing, SD at the Sioux Falls Regional Livestock Auction Barn on March 2, 2010.

Tia McDonald, extension associate in the Department of Economics at South Dakota State University (SDSU), reviewed the benefits of LRP and LGM to the producers in attendance at this meeting, and she encouraged ranchers to take advantage of these opportunities to minimize risk when making marketing decisions down the road.

Crop farmers have been using insurance for years in order to minimize risk, protect against disaster and establish price bottoms. It was only a matter of time before livestock insurance became readily available, and two programs, Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM insurance), were the topics of discussion at the Beef Marketing/Risk Management Session held in Worthing, SD at the Sioux Falls Regional Livestock Auction Barn on March 2, 2010.

Tia McDonald, extension associate in the Department of Economics at South Dakota State University (SDSU), reviewed the benefits of LRP and LGM to the producers in attendance at this meeting, and she encouraged ranchers to take advantage of these opportunities to minimize risk when making marketing decisions down the road.

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Crop farmers have been using insurance for years in order to minimize risk, protect against disaster and establish price bottoms. It was only a matter of time before livestock insurance became readily available, and two programs, Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM insurance), were the topics of discussion at the Beef Marketing/Risk Management Session held in Worthing, SD at the Sioux Falls Regional Livestock Auction Barn on March 2, 2010.

Tia McDonald, extension associate in the Department of Economics at South Dakota State University (SDSU), reviewed the benefits of LRP and LGM to the producers in attendance at this meeting, and she encouraged ranchers to take advantage of these opportunities to minimize risk when making marketing decisions down the road.

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