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LGM - Dairy

Livestock Gross Margin for Dairy Cattle

More information on LGM-Dairy can be found on the Pennsylvania Center for Dairy Excellence website: http://www.centerfordairyexcellence.org/index.php/risk.html

Track the current numbers for your farm using the excellent U-WI calculator located at: http://future.aae.wisc.edu/lgm_analyzer/

Note: If you are interested in purchasing LGM-Dairy, be aware that this program is allocated a fixed amount for underwriting expenditures each Federal fiscal year.   Once this amount has been expended, LGM-Dairy is no longer available for enrollment.  Contact your crop insurance agent for more information on availability and sales closing dates for this plan.

PDF, 163.8 kB

Using RMA Dairy Gross Income Insurance Rules

Microsoft PowerPoint, 6.4 MB

Milk Income over Feed Cost. June 2011

Improvements strengthen risk management landscape for dairy risk management.

Microsoft PowerPoint, 2.3 MB

Milk Income over Feed Cost. Includes estimates for August 2008-January 2010 enrollment periods. 2010. Powerpoint presentation

PDF, 108.8 kB

Income over Feeds Cost Worth? March 2011

Microsoft Excel, 39.0 kB

February 2011 Enrollment Period. Excel Spreadsheet

Provides dairy producers a monthly enrollment opportunity to develop and implement a financial safety-net for their business plan for the year ahead, with protection the last 10 months of each 12 month enrollment period.

Microsoft PowerPoint, 4.7 MB

Penn State Extension Educators. September 2010

PDF, 53.2 kB

December 2010

The Federal Crop Insurance Corporation's (FCIC) Board of Directors (Board) approved revisions of the Livestock Gross Margin for Dairy Cattle (LGM-Dairy) plan of insurance on August 12, 2010.

Dairy producers interested in locking in milk prices for a portion of their future delivery of milk can use the futures market to reduce their risk. They do this by hedging, which is the buying or selling of futures contracts to offset the risk of price changes in the cash market.