Protects livestock producers from the impact of declining market prices.
LRP provides single-peril price risk protection by paying livestock producers if a national cash price index falls below an insured coverage price level.
Benefits of LRP vs. Futures Contracts
Flexible price protection for smaller herd sizes.
Subsidized premium reduces producer’s cost.
No brokerage fees.
Introducing: Livestock Risk Protection
Federally-Reinsured Livestock Products
Livestock Risk Protection (LRP) provides protection when the national cash price index, as reported by the Chicago Mercantile Exchange (CME), falls below the insured’s price coverage level.
