PO BOX 31

Norfolk, Nebraska

68702

© 2019 InsureMyCattle

LIVESTOCK RISK

PROTECTION

(LRP)

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LEARN THE LRP PROGRAM BASICS

LRP offers single-peril, price risk protection to feeder and fed cattle producers to provide protection against declining cattle prices. LRP for lightweight calves, stocker calves or feedlot animals pays a livestock producer if the national cash price index falls below the insured’s coverage price level. LRP does not cover sickness or death of an animal. If the cash price index for the insured cattle falls below the coverage price selected , the producer collects an indemnity equal to the difference.
LRP does not cover sickness or death of an animal.
LRP Insurance is beneficial to all producers as a way to show their lending institution a level of collateral.

"Lenders generally understand insurance, so they may view LRP Insurance more favorably than futures contracts or options since once LRP Insurance is purchased, the coverage cannot be cancelled."

DO I QUALIFY FOR THIS PROGRAM?

To qualify for the LRP program, producers must own the livestock when they purchase the coverage and must retain ownership until the last 30 days of the insurance contract expiration. You do not have to sell your animals by the end of the insurance period.