Livestock Policies

Livestock Policies 2017-09-26T14:19:22+00:00

Livestock Policies

These policies are designed to insure against declining market prices of livestock and not any other peril.  Coverage is determined using futures and options prices from the Chicago Mercantile Exchange (CME) Group.  Price insurance is available for swine, cattle, lambs and milk.  Producers decide the number of head (cwt of milk) to insure and the length of the coverage period.

  • Livestock Risk Protection (LRP) provides coverage against market price decline.  If the ending price is less than the producer determined beginning price an indemnity is due.
  • Livestock Gross Margin (LGM) provides coverage for the difference between the commodity and feeding costs.  If the producer determined expected gross margin is greater than the actual gross margin, an indemnity is due.
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The information contained herein is not an offer to sell insurance.  No binder, insurance policy, change, addition, and/or deletion to insurance coverage will be effective unless and until confirmed directly with a licensed agent.  Please note any proposal of insurance we may present to you will be based upon the values developed and exposures to loss disclosed to us by you.  All coverages are subject to the terms, conditions and exclusions of the actual policy issued. Not all policies or coverages may be available in every state.
Although care has been taken to assure the accuracy, completeness and reliability of the information contained herein, Silveus Insurance Group Inc. makes no warranty, express or implied, including warranties of merchantability and fitness for a particular purpose, or assumes any legal liability or responsibility for the accuracy, completeness, reliability or usefulness of any information, product, service or process disclosed. Clients should consult with their licensed insurance agent as to how the information, products, services or processes described may pertain to their individual situation. IN NO EVENT SHALL SILVEUS INSURANCE GROUP, INC. BE LIABLE FOR ANY DIRECT, INDIRECT, SPECIAL OR INCIDENTAL DAMAGE RESULTING FROM, ARISING OUT OF OR IN CONNECTION WITH THE USE OF THE INFORMATION CONTAINED HEREIN.