Livestock Gross Margin Insurance for Dairy Cattle: An Analysis of Program Performance and Cost under Alternative Policy Configurations

Victor E. Cabrera, Brian W. Gould and Mayuri Valvekar

No 49262, 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin from Agricultural and Applied Economics Association

Abstract: Livestock Gross Margin insurance for dairy cattle (LGM-Dairy) is a risk management tool that can be used to insure a lower bound on a dairy producer’s gross margin. In this paper we (1) review the basic structure of LGM-Dairy (2) examine the sensitivity of Gross Margin Guarantee (GMG) and premium to changes in feeding regimes and (3) quantify impacts of changes in deductible level on important program characteristics.

Keywords: Agribusiness; Farm Management; Financial Economics; Livestock Production/Industries; Production Economics; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 20
Date: 2009
New Economics Papers: this item is included in nep-agr and nep-ias
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea09:49262

DOI: 10.22004/ag.econ.49262

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