Studies are currently being done to examine whether a price insurance program would work in the hog industry. Producers (for the most part) are willing to pay 1 to 2 dollars per pig for a reasonable insurance due to the wide price fluctuations that have occurred over the past few years (producers tend to remember 1998 and 2002 in particular). Producers wish to guard against scenarios where the hog margin after feed is insufficient to cover the remaining costs. This has occurred before for a period, as long as half a year, and it took even longer to recover from it. Consultations with producers and other related observations suggest there would be good receptivity to having an insurance alternative to add to their available tools in the risk management package, and costs should be held within $1-2/hog to obtain fairly wide coverage.