Crop Insurance Today Fourth Quarter 2021 - 28

CropInsuranceTODAY
LIVESTOCK Insurance PLAN COMPARISON
Dairy Revenue
Protection
Abbreviation
Code
DRP-Plan 83
DRP is designed to insure
against unexpected declines
in quarterly (3-month
periods) 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.
Plan Code
DRP
83
Milk production from dairy
cattle, insured under:
Coverage On
* Class Pricing Option (considers
CME futures for Class
III and Class IV milk) or
* Component Pricing Option
(considers CME futures
for butterfat, protein, other
solids, nonfat solids)
Weight
Categories
Available In
(States)
N/A
LGM-Cattle
82
Steer and heifer cattle
operations, primarily for
beef production:
* Calf Finishing
* Yearling Finishing
LGM-Dairy Cattle
82
Milk production from
dairy cattle. Milk should
be sold for commercial or
private sale primarily for
human consumption
LGM-Swine
82
Hog and pig operations:
* Farrow to Finish
* Feeder Pig Finishing
* Segregated Early
Weaned (SEW)
LRP-Fed Cattle
81
LRP-Feeder Cattle
81
Fed Cattle (steers or heifers),
already born
Calves, steers, heifers,
predominantly Brahman,
predominantly dairy, or
unborn calves (must also
own cow and calves must
be born by endorsement
end date)
Started around 550 lbs or
1-year-old and raised to
slaughter weight
20 states (CO, IA, IL, IN,
All states
KS, MI, MN, MO, MT, ND,
NE, NV, OH, OK, SD, TX,
UT, WV, WI, and WY)
48 contiguous states
[excludes AK & HI]
48 contiguous states
[excludes AK & HI]
All states
All states
All states
Current as of October 2021 ©2021 National Crop Insurance Services
N/A
260 lbs at end date (or
as stated in the special
provisions)
1,000 to 1,400 lbs at end date
Two categories:
* Under 600 lbs
* 600-900 lbs
LRP-Swine
81
Lean hogs.
Like Feeder Cattle,
can insure swine as unborn,
provided own sow also and
will be born by endorsement
end date
1.50 to 2.25 lean hundredweight
(~203 to 304 lbs on a
live basis)
Livestock
Gross Margin
LGM-Plan 82
LGM covers the difference between the gross margin guarantee and the actual gross
margin. LGM does not insure against death or any other loss or damage to livestock
or milk production.
Livestock
Risk Protection
LRP-Plan 81
LRP programs are designed to insure against declining market prices. All coverage is
for livestock the insured has a share in as an owner as defined by the LRP policy. For all
active LRP commodities (excludes lamb), an insured can purchase Specific Coverage
Endorsements (SCEs) year-round, with a new sales period occurring each business day,
unless markets are closed or trading of associated futures contracts are suspended as
indicated in the LRP policy.
Crop Insurance Today Fourth Quarter 2021

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