Livestock Risk Protection
About LRP
The Livestock Risk Protection Insurance Plan is designed to insure against declining market prices. You may choose from a variety of coverage levels and insurance periods that match the time your livestock would normally be marketed (ownership may be retained).
You may buy LRP insurance throughout the year. You may choose 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, you will be paid an indemnity for the difference between the coverage price and actual ending value. LRP is available in selected states for fed cattle, feeder cattle, and swine.
How it Works
LRP provides protection against declining livestock prices if the price, as specified in the policy, drops below the producer's selected coverage price.
LRP Coverage
LRP covers a decline in livestock prices.
LRP Eligibility
Producers in all covered states with an ownership share in eligible livestock (see chart below for details).
LRP Prices
Coverage prices range from 70% to 100% of daily livestock prices for swine, fed cattle and feeder cattle. LRP is priced and available for sale continuously throughout the year.
What is LRP?
The Basics of LRP
Sign up for LRP
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