What's new at HarvestIQ
Catch up on the latest features and improvements we’ve introduced to better support livestock insurance agents.
Now that the first sales window of 2025 for Livestock Gross Margin (LGM) is upon us, it’s important to note that the USDA/RMA has introduced several changes to the LGM product. These changes are designed to provide customers with more flexibility. In response, we at Harvest IQ have updated our quoter to fully support the new customization.
Enhancements to LGM You Should Know About
You’re already familiar with the ability to toggle between different operation types, set deductibles, and specify target marketing months using our quoter. But in 2025 you can now tailor:
- Live Cattle Weight
- Calf Finishing: 11-13 cwt
- Yearling Finishing: 12-15 cwt
- Feeder Cattle Weight
- Calf Finishing: 4-6 cwt
- Yearling Finishing: 6-9 cwt
- Corn Bu
- Calf Finishing: 50-75 bu
- Yearling Finishing: 50-85 bu
After tailoring the quote to your customer’s needs, scroll down to review and analyze:
- Expected Prices
- Gross Margin
- Producer Premium
- Subsidy
- Comparison of LGM vs CME
This new customization will also be available to users leveraging Quote Scheduler.
We are excited to help you navigate these changes and make the most of the new flexibility.
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