Livestock Risk Protection

Livestock Risk Protection (LRP)-Fed Cattle

(LRP)-Fed Cattle is designed to insure against declining market prices.

Livestock Risk Protection (LRP)-Fed Cattle is designed to insure against declining market prices. Beef producers may select from a variety of coverage levels and insurance periods that correspond with the time their market-weight cattle would normally be sold. LRP-Fed Cattle may be purchased throughout the year.

Beef producers submit a one-time application for LRP-Fed Cattle coverage. After the application is accepted, specific coverage endorsements may be purchased for up to 2,000 head of heifers and steers (weighing between 1,000 and 1,400 pounds) that will be marketed for slaughter near the end of the insurance period. Te annual limit for LRP-Fed Cattle is 4,000 head per producer for each crop year ( July 1 to June 30).

All insured cattle must be located in a state approved for LRP-Fed Cattle at the time insurance is purchased. The length of insurance coverage available for each specific coverage endorsement is 13, 17, 21, 26, 30, 34, 39, 43, 47 or 52 weeks.

Beef producers may select coverage prices ranging from 70 to 100 percent of the expected ending value. At the end of the insurance period, if the actual ending value is below the coverage price, the producer will be paid an indemnity for the difference between the coverage price and actual ending value.

The LRP-Fed Cattle program’s coverage prices, rates, actual ending values and per hundredweight cost of insurance may be viewed on the RMA Web site. The actual ending values are based on weighted prices reported by USDA’s Agricultural Marketing Service. Actual ending values will be posted on the RMA Web site at the end of the insurance period.


Livestock Risk Protection (LRP)-Feeder Cattle

(LRP)-Feeder Cattle is designed to insure against declining market prices.

Livestock Risk Protection (LRP)-Feeder Cattle is designed to insure against declining market prices. Cattle producers may select from a variety of coverage levels and insurance periods that match the time their feeder cattle would normally be marketed (ownership may be retained). LRP-Feeder Cattle insurance may be purchased throughout the year.

Cattle producers submit a one-time application for LRP-Feeder Cattle coverage. Afer the application is accepted, specific coverage endorsements may be purchased for up to 1,000 head of feeder cattle that are expected to weigh up to 900 pounds at the end of the insurance period. The annual limit for LRP-Feeder Cattle is 2,000 head per producer for each crop year ( July 1 to June 30). All insured calves and cattle must be located in a state approved for LRP-Feeder Cattle at the time insurance is purchased.

The length of insurance coverage available for each specific coverage endorsement is 13, 17, 21, 26, 30, 34, 39, 43, 47 or 52 weeks.

Coverage is available for the calves, steers, heifers, predominantly Brahman, and predominantly dairy cattle categories. Feeder cattle producers may also choose from two weight ranges: under 600 pounds and 600-900 pounds.