
AgriInsurance | Livestock Risk Protection Insurance
Livestock Risk Protection (LRP) insures against declining market prices for fed cattle, feeder cattle and swine. Coverage may be purchased throughout the year.
LRP – Fed Cattle
Select from a variety of coverage levels and insurance periods that correspond with the time that your market-weight cattle would normally be sold.
How to apply for LRP – Fed Cattle coverage:
- Submit a one-time application.
- After the application is accepted, purchase a specific coverage endorsement for up to 2,000 head of heifers and steers (1,000 – 1,400 pounds) that will be marketed for slaughter near the end of the insurance period.
- Annual coverage limit of 4,000 head per producer for each crop year (July 1– June 30)
How LRP – Fed Cattle works:
- Insured cattle must be located in a state approved for LRP-Fed Cattle protection at the time insurance is purchased.
- Length of insurance coverage available for each specific coverage endorsement is 13, 17, 21, 26, 30, 34, 39, 43, 47 or 52 weeks.
- Producer may select coverage prices ranging from 70 to 100 percent of the expected ending value.
- 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.
LRP-Fed Cattle's coverage prices, rates, actual ending values and per-hundredweight cost of insurance may be viewed on the Risk Management Agency website. Actual ending values are based on weighted prices reported by the USDA Agricultural Marketing Service.
LRP – Feeder Cattle
Select from a variety of coverage levels and insurance periods that match the time your feeder cattle would normally be marketed (ownership may be retained).
How to apply for LRP – Feeder Cattle coverage:
- Submit a one-time application.
- After the application is accepted, purchase a specific coverage endorsement for up to 1,000 head of feeder cattle that are expected to weigh up to 900 pounds at the end of the insurance period.
- Annual coverage limit of 2,000 head per producer for each crop year (July 1 – June 30)
How LRP – Feeder Cattle coverage works:
- All insured calves and cattle must be located in a state approved for LRP-Feeder Cattle protection at the time insurance is purchased.
- Length of insurance coverage available for each specific coverage endorsement is 13, 17, 21, 26, 30, 34, 39, 43, 47 or 52 weeks.
- Coverage is available for calves, steers, heifers, predominantly Brahman cattle and predominantly dairy cattle.
- Producers may choose from two weight ranges: under 600 pounds and 600-900 pounds.