Livestock risk protection (LRP) insurance
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"Livestock risk protection (LRP) insurance offers producers a way to manage risk associated with declining livestocl prices (Figure 1 shows the historical trend for feeder cattle future prices). It does not protect against other perils such as disease or death. The U.S. Department of Agriculture's (USDA) Risk Management Agency (RMA) administers LRP insurance products. It is sold by approved livestock insurance agents throughout the year (running from July 1 to June 30). LRP premiums may be subsidized by the federal government if the producer meets conservation compliance, and additional subsidy is provided for beginning farmers or ranchers and veteran farmers or ranchers. Policies are available in Missouri for feeder cattle, fed cattle and swine. Insured producers receive an indemnity when the actual ending value of livestock, as determined by the RMA, is less than the coverage price chosen by the producer." -- first page
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Archive version. For the most recent information see extension.missouri.edu.
OpenAccess.
OpenAccess.
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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 License.
Provided for historical documentation only. Check Missouri Extension and Agricultural Experiment Station websites for current information.
Provided for historical documentation only. Check Missouri Extension and Agricultural Experiment Station websites for current information.