Farming with livestock can be unpredictable, especially when prices for cattle, swine, and other animals fluctuate. To help protect your business from these price swings, AgQuest Insurance offers a range of insurance options designed to keep your farm financially stable, no matter what happens in the market.
Livestock Risk Protection (LRP)
Livestock Risk Protection (LRP) Insurance helps protect you from price drops in feeder cattle, fed cattle, and swine. If the price of your insured livestock falls below the level you’ve set, LRP will pay you an indemnity, similar to a safety net. It’s a simple, cost-effective way to protect yourself from price risks when selling your livestock in the future.
Livestock Gross Margin (LGM) Insurance
For cattle and swine farmers, Livestock Gross Margin (LGM) Insurance protects against declines in the feeding margin. If the cost of feeding your animals goes up and your profits drop, LGM will help make up the difference. This policy can be especially helpful when feeding costs rise unexpectedly, ensuring you stay profitable even when market conditions aren’t ideal.
Dairy Revenue Protection (DRP)
Dairy farmers also face price fluctuations, but Dairy Revenue Protection (DRP) offers a solution. DRP helps protect you against a drop in milk prices, ensuring that your quarterly milk sales revenue stays above a certain level. It’s based on milk futures prices and the amount of milk you produce, which is specific to your area. With DRP, you can have peace of mind knowing that you’re covered if milk prices fall unexpectedly.
Why Choose AgQuest Insurance?
At AgQuest Insurance, we understand how important your livestock business is to you. Our team is here to provide simple, straightforward insurance solutions that fit your needs. Whether you’re protecting against price drops, feeding costs, or milk revenue, we’re here to help keep your business safe. Contact us today to find the best insurance options for your farm.
AgQuest Insurance Agency is an equal opportunity provider.