Livestock Gross Margin-Dairy Insurance: An Assessment of Risk Management and Potential Supply Impacts

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dc.creatorMosheim, Roberto
dc.creatorBlaney, Don
dc.creatorBurdine, Kenneth H.
dc.creatorMaynard, Leigh J.
dc.date2017-04-01T17:10:55Z
dc.date.accessioned2026-07-09T07:51:20Z
dc.descriptionPublic risk management policies for dairy producers have the potential to induce expansion in milk supplies, which might lower farm-level prices and offset risk-reduction benefits. An evaluation of USDA’s Livestock Gross Margin-Dairy (LGM-Dairy) insurance program finds economic downside risk significantly reduced, with potential to induce modest supply expansion (0 to 3 percent) if widely adopted. Supply impacts are likely limited due to relatively low participation levels and a minimal (“inelastic”) supply response to risk. LGM-Dairy is more flexible and convenient than other risk management tools, such as hedging directly in futures or options markets, especially for small farms.
dc.identifierdoi:10.22004/ag.econ.164606
dc.identifierhttps://ageconsearch.umn.edu/record/164606/files/ERR163.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/164606
dc.identifier.urihttp://hdl.handle.net/123456789/592893
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/164606
dc.titleLivestock Gross Margin-Dairy Insurance: An Assessment of Risk Management and Potential Supply Impacts
dc.typeText

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