Livestock Risk Protection (LRP) insurance addresses a crucial aspect of risk management for livestock producers--declining market prices--without restricting profit potential. The LRP crop year is July 1 through June 30. With no sales closing date and sevral different insurance periods, the LRP program make it easy to ensure your policies will correspond with your marketing cycles. Coverage prices and rates change daily and are based on futures prices on the Chicago Mercantile Exchange. LRP is available for producers of Swine, Lamb, Fed cattle and Feeder cattle.
