Livestock Risk Protection (LRP)
LRP insurance is designed to give producers downside price risk protection. Due to volatility in the market, interest in price risk protection has increased. In the past, producers have used futures/options trading or forward contracts to manage the risk. The livestock covered with LRP are:
- Feeder Cattle, Fed Cattle, Swine and Lambs
With LRP, you can select coverage level, price, and the insurance period that best matches your marketing cycle. Livestock can also be insured in weekly increments from 13 weeks to 52 weeks when selecting the expected sale dates for cattle.
Complete Herd Coverage
This coverage allows an individual to purchase protection for an entire herd of cattle. This policy will provide coverage for your cattle and cattle owned by others in your care, custody and control. Coverage may be extended to pay expenses for recovery of livestock that escaped because of a covered loss. There are additional endorsements available for calves born during the policy term.