Raising livestock can be a rewarding but sometimes risky business. One risk management tool available to producers is livestock insurance, which can pay off both financially and in terms of peace of mind.
If you own ranch property in the Lone Star State, you understand this too well. Every county in Texas was plagued by drought at least one out of the last five years. And in 2011, parched pastures led to a historic reduction in Texas cattle numbers, as ranchers reduced their herd size in order to cut their losses.