Library

Livestock Marketing and Insurance Tactics

Summary

Livestock producers have multiple tools available to manage price risk. Insurance tools such as Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM) complement traditional marketing tools such as cash sales, forward contracts, futures contracts and options contracts. The challenge is to pick the right product at the right time at the right price. This decision aid leads you through choices to a specific tool or small set of tools that would help manage the risk in a cost-effective way.