LGM-Dairy to get easier

Changes to the Livestock Gross Margin (LGM) for Dairy program will make it simpler to use, said Alan Zepp, risk management specialist of the Center for Dairy Excellence. Those changes go into effect July 1.
Producers will have the  option of using their own feed prices or using the default feed coefficients added for the LGM for Dairy program. Currently, producers calculate their basis and convert their own soybean and corn purchases into feed coefficients.
The window to purchase a policy will be extended from a 12-hour period to a 24-hour period each month. Prices are announced the last business Friday of each month – producers will have until 8 p.m. the next evening to purchase a policy based on those prices, Zepp said.
For more information, talk to a crop insurance agent. A list of agents authorized by insurance providers to write LGM for Dairy policies can be found on USDA Risk Management Agency’s website: www.rma.usda.gov.
Contact Zepp at 717-346-0849 or email: azepp@centerfordairyexcellence.org.

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