Livestock Risk Protection
Livestock Risk Protection (LRP) is a policy that provides protection for lambs, swine, fed cattle, and feeder cattle against declining livestock prices and provides a payment if the ending daily cash price of your livestock falls below your coverage price. Benefits of LRP include:
Your final selling price does not impact your payment as it is not based on your actual gain or loss, so you could earn a loss payment even if your livestock remained profitable and vice-versa.
Any number of head could be insured up to a certain limit
*Producers need to hit their target hundredweight (cwt) in their policy to receive the exact insured amount.
Detailed information below: