Livestock Risk Protection
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 fed or feeder cattle would normally be marketed (Ownership may be retained.)
Feeder Cattle
-
Calves
-
Steers
-
Heifers
-
Predominantly Braham Cattle
-
Predominantly Dairy Cattle
-
Unborn Calves
fed cattle
-
Fed Steers
-
Fed Heifers
Coverage
Price Range
You can choose coverage prices ranging
70 to 100 percent of the expected ending
value.
Length of Coverage
The length of insurance coverage
available for each specific coverage is;
13, 17, 21, 26, 30, 34, 39, 43, 47, or 52
weeks.
LRP- Fed and Feeder Cattle is available in all counties across the United States
Weight Range
Feeder Cattle:
- 100lbs- 599lbs Unborn calves and steers & heifers
- 600lbs-1000lbs Steers & heifers
Fed Cattle:
- 100lbs- 1,600lbs
When can you purchase?
Anytime during the year.
As a beginning or veteran farmer/rancher, am I eligible for an additional subsidy under LRP?
Yes. The subsidy for qualifying beginning or veteran farmers/ranchers provides an additional 10 percent of premium subsidy.
How is it settled?
Feeder Cattle:
CME Cash Settled Commodity Index Prices x Price Adjustment Factor.
Fed Cattle:
5 Area Weekly Weighted Average Direct Slaughter Cattle for Live Steers Over 80% Choice
Availability
You submit a one-time application.
After the application you can purchase specific coverage endorsement.
Flexible head limits Up to 12,000 head per endorsement/ 25,000 annually
Termination date: August 31st
Federal Subsidies up to 55%
These insurance products are offered through the parent company Graybeal Group Inc.