The startup develops risk management software that provides livestock producers with yield insurance and coverage against foreign animal diseases. This solution mitigates financial losses from unpredictable livestock production risks, enabling producers to maintain stable operations and reduce their overall production risk.
Funding
$22.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Livestock producers face significant financial risks due to unpredictable market fluctuations, disease outbreaks, and adverse weather conditions, which can destabilize operations and lead to substantial losses. Existing risk management tools may be complex, lack transparency, or fail to provide comprehensive coverage against diverse threats.
Solution
Stockguard provides a suite of livestock insurance products and a risk management portal designed to protect producers against market volatility, animal mortality, and other production risks. The platform offers Livestock Risk Protection (LRP) and Livestock Gross Margin (LGM) insurance to mitigate price risk, as well as mortality coverage for dairy cattle. Stockguard's online portal allows producers to easily access real-time rate tracking based on CME rates, submit coverage orders, manage policies, and monitor USDA market positions. By offering customizable coverage options and a user-friendly interface, Stockguard aims to simplify risk management and provide a financial safety net for livestock operations.
Target Audience
Stockguard primarily serves cattle stocker, cow-calf beef, and feedlot beef producers, as well as customer grower and farrow-to-wean swine operations, and dairy farmers seeking to mitigate financial risks associated with livestock production.
Features
- Livestock Risk Protection (LRP) to set a floor selling price for livestock, hedging against market declines
- Livestock Gross Margin (LGM) insurance to protect against decreasing margins due to rising feed costs or falling livestock prices
- Dairy Mortality Insurance covering losses from extreme weather, contaminated feed/water, accidental injury, and disease
- Online portal for real-time rate tracking based on daily CME rates
- Customizable LRP policies with flexible price levels, coverage lengths, and target weights
- LGM scenario analysis tools to evaluate potential coverage outcomes
- Breakeven calculator to assess profitability thresholds