Livestock Risk Protection (LRP) is a great option for livestock producers wanting to protect themselves for a decrease in market prices. LRP policies are available for unborn livestock, feeder cattle, fed cattle, and swine. Multiple coverage levels and policy lengths allow the producer to customize coverage to their operation. LRP is available all year long for producers with eligible livestock.
As far as coverage levels go, the producer can select coverage levels between 70% to 100%.
Limitations:
For LRP Fed Cattle and Feeder Cattle, you can insure 12,000 head per Specific Coverage Endorsement and up to 25,000 head per crop year.
For LRP Swine, you can insure 70,000 head per Specific Coverage Endorsement and up yo 750,000 head per crop year.
