Livestock risk protection (LRP) insurance in Missouri (2014)
Livestock risk protection (LRP) insurance offers livestock producers a way to manage risk associated with market price volatility (see Figure 1 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, and LRP premiums are subsidized by the federal government. Policies are available in Missouri for feeder cattle, fed cattle, lamb and swine.
Archive version. For the most recent information see extension.missouri.edu.
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