LRP-Lamb provides producers insurance against unexpected declines in market lamb prices. Lamb producers may purchase LRP-Lamb weekly throughout the year when offers are available. Coverage levels range from 80 to 95 percent of expected ending values depending on endorsement length. Actual ending values are based on weekly average prices using “Calculated Formula Live Price” provided by USDA’s Agricultural Marketing Service.

Flexible Contract Size

• Offered on per-head basis
• No requirement to insure all lambs
• May retain ownership after coverage ends

Price Protection Tool

• Guards against seasonal market price declines
• Protect your bottom line
• No brokerage fees

Lender Advantages

• Provides price guarantee ahead of marketing
• Coverage endorsement cannot be cancelled
• Lender may take security interest