Livestock and Dairy Insurance
Texas Farm Credit offers specialized insurance coverage for livestock producers. Our own experiences as producers ourselves, combined with years of experience helping generations of livestock and dairy producers, we understand how important it is to manage risks.
We’re pleased to offer three livestock insurance products that are federally administered by USDA’s Risk Management Agency: Livestock Risk Protection, Livestock Gross Margin, and Dairy Revenue Protection.
Contact one of our experienced insurance specialists who are happy to help you find the best coverage options and create a policy quote that works for you.
LRP Insurance: Livestock Risk Protection
LRP insurance protects livestock producers from declining market prices without restricting profit potential. Coverage is available for fed cattle, feeder cattle (Brahman or dairy), lamb, and swine. The LRP policies reimburse you for any difference between the national cash index and your floor price at the end of the period.
LGM Insurance: Livestock Gross Margin
LGM insurance protects against losses due to the actual gross margin falling below the expected gross margin. This policy covers yearling and calf-finishing operations and dairy and swine operations. For example, it protects dairy producers against losses from rising feed costs or lower milk prices.
DRP Insurance: Dairy Revenue Protection
DRP insurance is designed to insure against unexpected declines in the quarterly revenue from milk sales relative to a guaranteed coverage level. The expected revenue is based on futures prices for milk and dairy commodities, and the amount of covered milk production elected by the dairy producer. The covered milk production is indexed to the state or region where the dairy producer is located.
Get An Insurance Quote
Our insurance specialists understand the specifics of ag operations and rural life. Connect with a Texas Farm Credit insurance expert near you to learn how you can protect against risks to your way of life.
