MPCI Livestock Coverage Comparisons

	Dairy Revenue Protection (DRP)	Livestock Gross Margin (LGM)	Livestock Risk Protection (LRP)
Benefits	Protects against unexpected declines in the quarterly revenue from milk sales relative to a guaranteed coverage level.	Protects the gross margin between the value of insured livestock or milk and the cost of feed inputs.	Protects against declining livestock prices.
Guarantee	Class Pricing Option: Expected Class Pricing Milk Revenue x Coverage Level Component Pricing Option: Expected Component Pricing Milk Revenue x Coverage Level	Expected Total Gross Margin - Deductible	Number of Head × Target Weight × Coverage Price × Insured Share
Price	The Class Pricing Option uses a combination of class III and class IV milk prices as a basis for determining coverage and indemnities. The Component Pricing Option uses the component milk prices for butterfat, protein, other solids and nonfat solids as a basis for determining coverage and indemnities. Under this option, you may select the butterfat test percentage, protein test percentage and a component weighting factor to establish your insured milk price.	Weekly swine/cattle expected gross margins and weekly dairy commodity prices published by RMA at www.rma.usda.gov	Daily coverage prices published by RMA at www.rma.usda.gov
Maximum Upward and Downward Price Movement	Not Applicable	Not Applicable	Not Applicable
Administration Fee	Not Applicable	Not Applicable	Not Applicable
Coverage Level	80%, 85%, 90% and 95% of expected quarterly revenue	$0 to $20 per head in $2 increments (swine), $0 to $150 per head in $10 increments (cattle), $0 to $2 per cwt of milk in $0.10 increments (dairy cattle)	75%, 80%, 85%, 87.5%, 90%, 92.5%, 95%, 96%, 97%, 98%, 99% and 100%.
Units	Quarterly Coverage Endorsement	Units by each Specific Coverage Endorsment Line	Units by each Specific Coverage Endorsement Line
Losses	Subtracting the actual milk revenue from the final revenue guarantee, and then multiplying by the protection factor multiplied by actual share. If the result is greater than zero, an indemnity will be paid.	Paid when the actual total gross margin is less than the gross margin guarantee.	Paid when the actual ending value is less than the coverage price.
Prevented Planting	Not Available	Not Available	Not Available
Replanting Payments	Not Available	Not Available	Not Available
High-Risk Land Exclusion	Not Available	Not Available	Not Available
Written Agreements	Not Available	Not Available	Not Available
Hail and Fire Exclusions	Not Available	Not Available	Not Available
Subsidies for Basic / Optional Units (Level - Percentage)	80 – 55% 85 – 49% 90 – 44% 95 – 44%	Available if a producer has target marketings in at least two months of an insurance period. Subsidies range from 18%-50%.	35% to 55% based on the coverage level
More Information	Details about DRP	Details about LGM	Details about LRP

The insurance products described here are subject to availability and qualification. This is not an exhaustive list of all products available. Product availability and coverage subject to change. Contact your Rain and Hail representative for more information.