The second lecture complements the topics discussed in Study Guide: Chapter Two.

Topics covered in the lecture include:

• definitions of LGM terminology;
• how to access Expected and Actual Gross Margins, Gross Margin Guarantees, and premium rates from USDA-RMA;
• the process used by USDA-RMA to determine if an indemnity is paid;
• how to calculate LGM premiums; and
• how to collect an indemnity from LGM coverage.

• Chapter Two Lecture
• Chapter Two Text
• Chapter Two Slide Presentation
• Check for Understanding

• To view the printed course materials and slides, you will need the Adobe Acrobat Reader
• To view the videos, you will need the free RealPlayer software available from Real.com.