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.