Cattle Hogs

Livestock Gross Margin for Hogs Premium Estimator

The CARD Livestock Gross Margin (LGM) Premium Estimator allows users to estimate LGM premiums based on the latest information from the lean hog, corn, and soybean meal futures. The LGM insurance product allows hog producers to insure the difference between hog revenues and feed costs (this difference is referred to as gross margin).
  1. Begin by choosing a Coverage level: 85, 90, 95, or 100 percent of expected gross margins.
  2. Next, choose a Type: Finishing, Farrow-to-Finish, or SEW.
  3. Fill in the expected number of hogs marketed in each month shown below.
  4. Finally, click the "Estimate Premiums" button.

Coverage:       Type: 


Head Insured:
March
 April
 May
 June
 July


This Web page is intended to assist producers, crop insurance agents, and other interested parties in estimating LGM premiums. This Web page is not the official source for LGM premiums. Please contact your crop insurance agent for official premium quotations.

For more information on LGM, see the Risk Management Agency's LGM Web site.

Additional information from CARD: "Implications of Extending Crop Insurance to Livestock" (pdf) by B.A. Babcock; "Livestock Revenue Insurance" by C.E. Hart, B.A. Babcock, and D.J. Hayes.
Copyright © 2006, (IAII) Iowa Agricultural Insurance Innovations, L.L.C.