Intro to Livestock Insurance
Even in the best run livestock operations, sometimes bad things happen. We’re here to help protect you when you face catastrophes, from fire and harsh weather to disease and loss of value and revenue.
We offer ways to protect your livestock with livestock coverage on your farm insurance, livestock mortality2, federal livestock insurance and special coverages for horses.
With COUNTRY Financial®, you’ll also get affordable livestock insurance rates and access to experts in helping you protect your livelihood. COUNTRY Financial was started by farmers and we’ve been insuring farms since 1925. We have the expertise to help you insure your livestock and your farm with confidence.
If you buy a COUNTRY Financial farm insurance policy and purchase our top coverage plan for your farm personal property, your livestock insurance coverage will include coverage for specific types of risks. (The top plan’s technical name is Broad Form and Additional Machinery Perils plus Additional Livestock Perils.)
Types of risks covered
- Fire or lightning
- Theft and vandalism
- Windstorm or hail
- Explosion or smoke
- Aircraft or vehicles colliding with your livestock
- Drowning or electrocution
- Accidental shooting
- Attack by dogs or wild animals
Additional coverage options
- Animal collision – for animals killed by a motorvehicle1
- Milk contamination – for the loss of your milk due to contamination or leakage1
- Hog loss of value – for the risk that your hogs will decrease in value2
- Hog suffocation – for hogs you own or non-owned hogs in your care2
You can also choose to add the following types of livestock insurance coverage to your farm policy, at an added cost.
Buying livestock mortality insurance2 is like purchasing life insurance for your animals.
Livestock mortality insurance is available for:
- Beef cattle
- Dairy cattle
It insures against death from:
- Natural causes, like:
- Accident (including fire and lightning)
- Intentional destruction when necessary
We offer a few ways to protect your livestock through federal insurance programs.
Livestock Gross Margin (LGM)
Livestock Gross Margin insurance is a policy designed to protect your farm’s bottom line if feed costs spike and the cost to feed your livestock is more than the market value of the animals (or the market value of your milk, if you have a dairy farm).
Livestock Gross Margin insurance is available for:
We’ll calculate your expected gross margin (revenue minus feed costs), using the Chicago Mercantile Exchange future prices. If your actual gross margin is less after the insurance period, we’ll reimburse you for the difference.
Livestock Risk Protection (LRP)
Livestock Risk Protection insurance can help protect you against declining livestock market prices. You can select from a variety of coverage levels and insurance periods depending on the time your livestock would normally be sold.
Livestock Risk Protection insurance is available for:
- Fed cattle
- Feeder cattle
If the ending value is below the coverage price, we'll reimburse you the difference.
Dairy Revenue Protection (Dairy-RP)
Dairy-RP was created to help protect the revenue of milk production on your dairy farm and prepare for reductions in milk sales. Dairy farmers can choose how much of their expected quarterly milk production to insure, what milk price they wish to protect, and their coverage and protection levels.
If you have an equine business, we’ve got you protected. Here are some special horse insurance coverages we offer on our farm insurance policy:
Liability coverage for boarding and stabling non-owned horses
Care, custody and control coverage for non-owned horses
Property coverage for barns, stables and arenas
Farm personal property coverage for horses, hay, feed, tack, farm machinery, etc.
Coverage for high-value items like silver-mounted saddles
Coverage for equine fencing and farm signs
Other options are available too. We can help explain them all and get you the horse insurance protection you’re looking for.
For product and service information, read our Terms & Conditions.
1 Not available in IL
2 Only available in IL