Dairy & Livestock Insurance
Protect your livelihood through market uncertainty.
As a dairy farmer or livestock producer, you understand how margins can fluctuate throughout a market cycle. At GreenStone, we have comprehensive livestock insurance and dairy insurance that can protect your revenue by preparing you for any challenges the market, or your herd, might face.
Dairy Revenue Protection (DRP)
Protects against a decline in milk revenue due to falling prices.
Coverage Details
Coverage Levels
80–95% (in 5% increments)
Pricing Choices
Class or component pricing (cheese, fresh milk, protein, butterfat)
Protection Factor
100–150% (in 5% increments)
Selections
Value of milk, amount to cover, and quarterly insurance periods
Availability
In all 50 states
Billing
First day of the third month after the insurance period ends
Livestock Risk Protection (LRP)
Livestock Risk Protection (LRP) protects against declining livestock prices.
Coverage Details
Available For
Swine, feeder cattle, and fed cattle and new born calves
Producers Choose
Coverage level, coverage price, and insurance period
Billing
First day of the second month after coverage ends
LRP Coverage Level 75-100%
Insure up to 52 weeks into the future, with minimum of 13 weeks out
Livestock Gross Margin (LGM) Dairy
Livestock Gross Margin (LGM) – Dairy protects against reduced gross margins (milk income – feed costs) when feed costs rise or milk prices fall.
Coverage Details
Estimate
Milk production and feed use
Choose
Deductible and months to insure
Deductibles
$0–$2.00/cwt (in $0.10 increments)
Premiums
Vary by market prices, months insured, and deductible. Subsidies available for two or more months of coverage
Prices
Uses futures for corn, soybean meal, and milk
Feed
Based on producer ration (corn/soybean meal equivalents) or standard feed rations
Milk Limit
Up to 24 million pounds per year (with adequate cows)
Enrollment
Coverage is available weekly
Billing
First day of the second month after coverage ends
Livestock Gross Margin (LGM) Cattle/Swine
Livestock Gross Margin (LGM) – Cattle/Swine protects cattle and swine producers against declining gross margins (market value – feed costs).
Coverage Details
Choose
Coverage level, price, and insurance period aligned to the marketing cycle
Indemnity
Paid if actual gross margin is less than guaranteed gross margin
Pasture, Rangeland, Forage Insurance
Designed to provide coverage on your pasture, rangeland, or forage acres, this insurance coverage is based on precipitation levels known as the Rainfall Index.
If you experience loss or damage to forage produced for grazing or harvested hay, Pasture, Rangeland, and Forage Insurance can help mitigate the resulting increased costs for feed, destocking, depopulating, or other actions taken. Like other forms of insurance, premium levels will depend on the likelihood of a claim and the level of deductible you choose.
Important Dates
Mark these dates on your calendar
Great Lakes Regional Dairy Conference
Great Lakes Regional Dairy Conference – GreenStone Connect Reception
PDP Business Conference
Exclusive Analyzer Tool
Forecast expected income, calculate potential losses, and design risk management based on quarterly statistics with Farm Credit’s exclusive analyzer tool.
Knowledge & Resources
LRP Additional Products
Read Article
Our Dairy Trio: Supporting Your Success
Read Article
The Importance of Livestock Insurance
Read Article
Behind the Scenes – Livestock Insurance Team
Read Article
With GreenStone, everything works together.
“We’ve worked with a lot of great people at GreenStone. They bring real value to the table by helping us make informed decisions. Whether it’s planning for a new barn or navigating crop insurance, they’ve always had our back.”
Dairy & Livestock Insurance Frequently Asked Questions
Ready to get started?
Our livestock insurance experts are here to help.