Livestock Risk Protection (LRP) is a federal livestock insurance product that provides protection against declining livestock prices if the price, as specified in the policy, drops below the producer’s selected coverage price. Coverage is available on Feeder Cattle (Under 900 lbs.), Fed Cattle (901-1200 lbs.), and Swine.
This webinar on Wednesday, August 3 at 1:00 pm will feature Kasey Engel and Zach Hyland, Regional Crop Consultants with Farm Bureau Financial Services covering changes to the LRP policy have made the program more producer friendly. These changes include:
• Premium billing after the end of the insurance period
• Ability to insure livestock prior to the birth of the animal
• Increased head limits on the policy