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LIVESTOCK GROSS MARGIN FOR CATTLE (LGM Cattle) INSURANCE HANDBOOK2020 and Succeeding Crop Years Handbook Number: 20060LGM for Cattle Insurance Handbook Page 1Livestock Gross Margin for Cattle Plan
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What is lgm - cattle?
LGM - Cattle stands for Livestock Gross Margin - Cattle, which is a risk management tool designed to protect cattle producers against downward price risk.
Who is required to file lgm - cattle?
Cattle producers who want to manage their price risk and protect their revenue are required to file LGM - Cattle.
How to fill out lgm - cattle?
To fill out LGM - Cattle, producers need to provide information on their cattle inventory, expected future sales, and select a coverage level.
What is the purpose of lgm - cattle?
The purpose of LGM - Cattle is to provide insurance-like protection against declines in cattle prices, ensuring producers receive a guaranteed amount for their cattle.
What information must be reported on lgm - cattle?
Cattle producers must report their cattle inventory, expected sales, and choose a coverage level for their LGM - Cattle policy.
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