The next Livestock Gross Margin-Dairy (LGM-Dairy) sales period begins Friday afternoon, Feb. 28, and ends on Mar. 1, according to Alan Zepp, Risk Management Program coordinator with Pennsylvania’s Center for Dairy Excellence. LGM-Dairy will be offered for sale by crop insurance agents, with producers eligible to purchase margin insurance for a 10-month period (April 2014-January 2015), or any combination of months during that period.
The April 2014-January 2015 average of expected margins is $15.96/cwt., about $1.95 above the 3-year actual average for the same period, and about $3.42 above the 5-year average actual margin.
The premium for a $0 deductible policy to insure a $15.96/cwt. margin is estimated at 63¢/cwt. (13¢/cwt. to insure a $14.96/cwt. margin for a $1 deductible policy).
“Protecting Your Profits” information and a recorded podcast are posted at http://centerfordairyexcellence.org/protecting-your-profits/. The website also adjusts LGM-Dairy estimated margins weekly, based on updated futures prices.
For further information, producers can contact him at email@example.com or phone 717-346-0849.