Products & Services

Livestock Risk Protection (LRP)
LRP provides protection against declining livestock prices if the price, as specified in the policy, drops below the producer's selected coverage price. LRP covers a decline in livestock prices. Producers in all covered states with an ownership share in eligible livestock. Coverage prices range from 70-100% of daily livestock prices for swine, fed cattle, and feeder cattle; and 80-95% in 5% increments for lamb. LRP is priced and available for sale continuously throughout the year.

Determining Coverage
Determine the number of livestock to be marketed and the target weight. Multiply the number of head times the target weight, times the coverage price, times the insured share. Livestock can be insured for various different weekly increments.

Eligibility

  Swine Fed Cattle Feeder Cattle Lamb
Market Marketed for slaughter Marketed for slaughter Ready to put in feedlot for fattening Marketed for slaughter
Insurable Livestock Swine that producers expect to have and to market within a range of 1.5 to 2.25 lean cwt target weight (203 - 304 live cwt) Steers and heifers that producers expect to grade select or higher, yield grade of 1 to 3, and to market at 10 to 14 cwt (live weight). Steers (<6.0 cwt for steers and bulls, 6.0-9.0 cwt for steers only)
Heifers (<6.0 cwt and 6.0-9.0 cwt)
Dairy Cattle (<6.0 for heifers, steers and bulls, and 6.0-9.0 cwt for heifers and steers)
Brahman breeds (<6.0 for heifers, steers and bulls and 6.0-9.0 cwt for heifers and steers)
Lamb that producers expect to have and to market within a range of 0.5 and 1.5 cwt target weight at the end of the insurance period.
Availability AL, AZ, AR, CA, CO, FL, GA, IA, ID, IL, IN, KS, KY, LA, MI, MN, MO, MS, MT, NC, ND, NE, NM, NV, OH, OK, OR, SC, SD, TN, TX, UT, VA, WA, WI, WV, AND WY** AL, AZ, AR, CA, CO, FL, GA, IA, ID, IL, IN, KS, KY, LA, MI, MN, MO, MS, MT, NC, ND, NE, NM, NV, OH, OK, OR, SC, SD, TN, TX, UT, VA, WA, WI, WV, AND WY** AL, AZ, AR, CA, CO, FL, GA, IA, ID, IL, IN, KS, KY, LA, MI, MN, MO, MS, MT, NC, ND, NE, NM, NV, OH, OK, OR, SC, SD, TN, TX, UT, VA, WA, WI, WV, AND WY** AZ, CA, CO, ID, IN, IL, IA, KS, MI, MN, MO, NT, NE, NM, NV, ND, OH, OK, OR, PA, SD, TX, UT, VA, WV, WI, AND WY**
Maximum Head Insurance 10,000 per Specific Coverage Endorsement 32,000 per Crop Year 2,000 per Specific Coverage Endorsement 4,000 per Crop Year 1,000 per Specific Coverage Endorsement 2,000 per Crop Year 7,000 per Specific Coverage Endorsement 28,000 per Crop Year
Insurance Period 13, 17, 21, or 26 weeks 13, 17, 21, 26, 30, 34, 39, 43, 47 or 52 weeks 13, 17, 21, 26, 30, 34, 39, 43, 47 or 52 weeks 13, 26, or 39 weeks
Coverage Level 70-100% 70-100% 70-100% 80-95% in 5% increments
Actual Ending Value Agricultural Marketing Service (AMS) Negotiated and Swine or Pork Market Formula Categories Agricultural Marketing Service (AMS) 5 Area Weekly Weighted Average Direct Slaughter Cattle - Live Basis Sales, Steers, "35-65% Choice" Chicago Mercantile Exchange (CME) Feeder Cattle Reported Index multiplied by the Price Adjustment Factor (by type and weight) Agricultural Marketing Service (AMS) in the "National Weekly Slaughter Sheep Review"

NOTE: The Livestock Price Reinsurance Agreement allows for Private Reinsured Companies to have limited yearly capacity available on a first come, first serve basis.

 

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