Livestock Risk Protection (LRP)
Livestock Risk Protection is designed to provide protection on fed cattle, feeder cattle, and swine against a price decline during the policy coverage period. LRP is priced and available for sale continuously throughout the year and found exclusively on the daily Actuarial Documents, and is applicable only for the date of sale.
Coverage is determined by taking the number of livestock to be marketed times the market weight times the coverage price times the insured share. Coverage prices range from 70 to 100 percent of the expected ending value. Coverage is not available for purchase on dates that would have an effective date of a Federal or a market holiday or if the website or premium calculator is not operational or FCIC halts sales.
Livestock Risk Protection - 2024 CY Changes
Livestock Risk Protection 2024 Crop Year changes (CLICK HERE to review the Product Management Bulletin: PM-23-022) include:
- Modified the end of the sales period to 8:25 AM Central Time; and
- For LRP-Fed Cattle, modified the price series to “Over 80% Choice.”
This information is intended for informational purposes only. Nothing contained herein can or should be interpreted to take precedence over policy language, Federal Crop Insurance Corporation/Risk Management Agency regulation, and Underwriting or Loss Adjustment rules.