Crop Insurance

LRP: Livestock, Risk Protection

Livestock Risk Protection (LRP) provides your business with a defense against declining livestock prices for fed cattle, feeder cattle and swine. LRP is available all year long for ranchers with an ownership share in eligible livestock.

BENEFITS OF LRP

• Guaranteed price − No bid/ask spread.
  
• Limited basis risk coverage − The aggregate cash price used better reflects actual price received.
  
• Any number of head can be covered (up to limits)
  
• Numerous endorsement period options − Producer selects the period that fits his/her risk management plan.
  
• Wider range of target weights than CME
  
• LRP is an insurance policy − LRP may be viewed more favorably by lenders than hedging or speculating (derivative products)