Livestock Risk Protection Insurance

Livestock Risk Protection (LRP) is a price-risk management tool that insures against declining market prices for fed cattle, feeder cattle and swine. Coverage may be purchased throughout the year.

• Select from a variety of coverage levels and insurance periods that correspond with the time that your livestock would normally be marketed or sold.
• At the end of the insurance period, if the actual ending value is below the coverage price, an indemnity is paid for the difference between the two. 
• Actual ending values are based on weighted prices reported by the USDA Agricultural Marketing Service.

Deadline: Anytime throughout the year

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