Livestock Risk Protection
Livestock Risk Protection
Feeder Cattle (LRP-Feeder Cattle) 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 feeder cattle would normally be marketed (ownership may be retained).
You may buy LRP-Feeder Cattle insurance throughout the year from Risk Management Agency (RMA) approved livestock insurance agents. Premium rates, coverage prices, and actual ending values are posted online daily.
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.
You submit a one-time application for LRP-Feeder Cattle coverage. After the application is accepted, you can buy specific coverage endorsements throughout the year for up to 12,000 head of feeder cattle that are expected to weigh up to 1000 pounds at the end of the insurance period. The annual limit for LRP-Feeder Cattle is 25,000 head per producer per year (July 1 to June 30).
The length of insurance coverage available for each specific coverage endorsement is 13, 17, 21, 26, 30, 34, 39, 43, 47, or 52 weeks.
Coverage is available for:
Calves;
Steers;
Heifers;
Predominantly Brahman cattle;
Predominantly dairy cattle; and
Unborn calves.
You may also choose from two weight ranges - 100-599 pounds and 600-1000 pounds. LRP-Feeder Cattle insurance is available in all counties in all states.
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