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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