Livestock Risk Protection (LRP) insurance offers producers a way to mitigate the risks associated with price declines for feeder cattle, fed cattle and swine.
The USDA's Risk Management Agency (RMA) administers LRP and it is sold throughout the year. Producers who opt for this coverage are eligible to receive an indemnity when the actual ending value of their livestock, as determined by the RMA, falls below the coverage price they have selected.
For comprehensive information on how LRP works, how to purchase a policy, available options and the advantages and disadvantages of the program, please read the full publication: https://brnw.ch/21wZEFl.