Livestock Risk Protection (LRP)

Fed Cattle

• LRP- Fed Cattle is a federally reinsured livestock product that provides single peril risk protection against the decline in fed cattle prices 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.

• Insurance may be purchased throughout the years. At the end of the endorsement period, if the actual ending value is below the coverage price, an indemnity will be paid for the difference. Producer pays premium at the end of the endorsement period.

• Producers can insure up to 6,000 head per Specific Coverage Endorsement with a limit of 12,000 head per crop year.

Steers and heifers will be expected to:

• Grade select or higher

• Yield grade of one to three

• Weight 10 to 14 cwt (live weight)

Click Here To View The Fed Cattle Fact Sheet

FEEDER CATTLE

• LRP – Feeder Cattle is a federally reinsured livestock product that provides protection when the national cash price index, as reported by the Chicago Mercantile Exchange (CME), falls below the insured’s price coverage.

• Insurance may be purchased throughout the years. At the end of the endorsement period, if the actual ending value is below the coverage price, an indemnity will be paid for the difference. Producer pays premium at the end of the endorsement period.

• Producers can insure up to 6,000 head per Specific Coverage Endorsement with a limit of 12,000 head per crop year.

Available weight levels include:

Less than 6 cwt:

• Steers

• Bulls

• Heifers

• Predominantly Brahman

• Predominantly Dairy

Between 6 – 9 cwt:

• Steers

• Heifers

• Predominately Brahman

• Predominately Dairy

Click Here To View The Feeder Cattle Fact Sheet

Pasture Rangeland & Forage (PRF - Rainfall Index)

Rainfall Index

• Pasture, Rangeland, and Forage is a federally reinsured product that provides protection against a single peril – lack of precipitation.

• PRF may cover all or a portion of the insured’s acreage, providing flexibility when deciding how to cover their specific risk.

• Plan uses long-term, historical, gridded precipitation data for a grid ID and index interval.

• The program is an area insurance plan and does not measure, capture, or use any actual crop production. The producer’s amount of production is not considered, and no on-the-ground inspection of crop condition is conducted to determine the eligibility for an indemnity payment.

Click Here To View The PRF Fact Sheet