Livestock Risk Protection

Livestock Risk Protection is a federally-reinsured livestock product that provides single peril risk protection against the decline in prices over the insurance period.

Fed Cattle

For fed cattle, Livestock Risk Protection provides single peril risk protection against the decline in fed cattle price over the insurance period. Producers may select from a variety of coverage levels and insurance periods to match the time the fed cattle would normally be marketed

Updates for 2023:

Producers can insure up to 12,000 head per SCE with a limit of 25,000 head per crop year.
Increased weight limits for insurable livestock 1,000 #s – 1,600 #s.
Modified the provisions defining Covered Livestock regarding ownership requirements, insurability and documents required for verification to receive an indemnity.

Feeder Cattle

For Feeder Cattle, 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. Producers may select from a variety of coverage levels and insurance periods to match the time the feeder cattle would normally be marketed.

Updates for 2023:

Producers can insure up to 12,000 head per Specific Coverage Endorsement (SCE) with a limit of 25,000 head per crop year.
Increased weight limits for insurable livestock:
̵ Weight 1 – 100 pounds to 599 pounds
̵ Weight 2- 600 pounds to 1,000 pounds
Modified the provisions defining Covered Livestock regarding ownership requirements, insurability and documents required for verification to receive an indemnity.

Swine

For swine, LRP provides protection against the decline in hog prices, as published by the Agricultural Marketing Service (AMS), over the selected insurance period. Producers may select from a variety of coverage levels and insurance periods to match the time the hogs would normally be marketed.

Producers can insure up to 70,000 head per Specific Coverage Endorsement (SCE) with a limit of 750,000 head per crop year.
Modified weight range for insurable livestock to 1.45 to 2.60 lean cwt.
Modified the endorsement length for unborn swine to a minimum of 30 weeks and a maximum of 30 weeks for all other swine.