Whether you run a larger or smaller operation, local farmer and insurance agent Michael Moore says livestock risk protection can benefit your operation. Moore spoke to producers at the Tri-County Cattlemen’s Forum in March about some of the opportunities available for risk management. He explains farmers can ensure as little as one head up to 25,000 in one growing year for cattle and hogs.
“With the markets the way they are now, with so much volatility-guaranteeing yourself a floor, whether that is your breakeven or whether to make a profit,” says Moore. “It’s a way to hedge against volatile markets and guarantee yourself some income and that you can continue to raise cattle and hogs the next year.”
When looking to add a risk management policy, Moore says that it doesn’t hurt to talk with an agent to see how it could fit into your operation. To learn more about the risk management programs available, visit RMA.USDA.gov or talk with a local risk management agent.
