Cameron S. Thraen
The Ohio State University Extension
State Specialist Dairy Markets and Policy
Department of Agricultural, Environmental and Development Economics
The Ohio State University
This eight page summary was written to be used as a guide for Ohio Dairy producers as they decide to purchase Livestock gross margin insurance as a profit management tool for their dairy business. This articles addresses the following questions that dairy farmers may have:
1. How do I determine risk exposure?
2. How in adequate of a margin can you withstand?
3. What is your maximum reduction in equity allowable?
4. What steps should I use in evaluating my situation?
Click here to access the 8 page LGM Dairy Evaluation Guide
Producers can also access Dr. Thraen’s LGM website at:
http://aede.osu.edu/programs/ohiodairy/LGM_Dairy.htm