What is Livestock Risk Protection Insurance? |
LRP is designed to insure against declining market prices. 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 may receive an indemnity for the difference between the coverage price and actual ending value.
LRP coverage sales are typically offered every market trading day in the afternoon, shortly after market close and run until 10:00 a.m. EST the following morning. |