Farm4Profit Podcast

Livestock Producers' Margin Protection Solutions

Episode Summary

As we explore ways for livestock producers to safeguard their margins, we'll learn about Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM) products and how they work for various operations. Discover how successful farmers and ranchers utilize these tools alongside marketing strategies for optimal results. Learn about accessing these products through the Stockguard Portal and find out if they are suitable for listeners with Pasture/Rangeland/Forage (PRF). We'll also touch on Crop Insurance and discuss its future just a little.

Episode Notes

Livestock Margin Protection

Airing 7/31/23

• John Deere Pre-Roll
• Today’s episode is brought to you by Pattern Ag, predicting pest and pathogen risk in your fields. Don’t gamble with your yields, go to www.pattern.ag today!
• Around the Room – why do you need a Farm4Profit conversation today?
• As hosts what are you most looking forward to with this guest today?
• Remind people to hit SUBSCRIBE – REMEMBER TO LEAVE REVIEWS 
• Especially on YouTube

Bios:
Tony Latcham is the VP of Risk Management at Stockguard. He merges his unique experience as both a risk management consultant and producer on a 4th generation cow-calf and row crop operation to help other farmers identify and manage unexpected risks. Before joining Stockguard, he worked as an Agricultural banker for 15 years and as the CEO of a bank for five years. He then founded a risk management company, which has been serving farmers and ranchers across the Midwest for the past 13 years. He specializes in a wide range of areas, including financial consulting, market analysis, and risk mitigation.

Jordan Morris is a Senior Risk Management Consultant at Stockguard. He is a first-generation farmer and owner of a feedlot and cow-calf operation in Southeast Iowa. As a Senior Risk Management Consultant, he is dedicated to sharing his knowledge of market trends and risk management solutions to help his clients meet their goals and secure their investments against unexpected risks.


Talking points:

• Are there ways for livestock producers to protect their margins like row crop farmers do with crop insurance?
• What is Livestock Risk Protection (LRP)
• What is Livestock Gross Margin (LGM)
• What are ways that you have seen successful farmers and ranchers using these products in their operations?
• Is there anything available for our listeners that have Pasture/Rangeland/Forage (PRF)?
• The Future of the Stockguard Portal and How it helps producers 
• Crop Insurance high-level overview
• Do you have to physically own livestock to use theses products?
• How do farmers get access to these products?
• What else did we miss?
• What is the most common thing you see your most successful clients doing better or more different than others?
• Summary & Challenge

What would you go back and tell yourself at age 18?

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