Livestock Gross Margin-Dairy Insurance: An Assessment of Risk Management and Potential Supply Impacts
by Kenneth H. Burdine, Roberto Mosheim
, Donald Blayney, and Leigh Maynard
Economic Research Report No. (ERR-163) March 2014
Public 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 insurance program finds economic downside risk significantly reduced, with potential to induce modest supply expansion if widely adopted.
Keywords: Dairy, gross margins, risk management, LGM Dairy, insurance, milk supplies, livestock
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