Livestock Risk Protection

Livestock Risk Protection (LRP) is a federally reinsured livestock product that provides single peril risk protection against the decline in prices over the insurance period.

This insurance may be purchased throughout the year. Premium rates, coverage prices, and actual ending values are posted online daily. The RMA monitors capacity levels, and when the funding limit has been reached, sales for this product will cease. LRP does not insure against death, loss or poor performance.

At the end of the insurance period, if the actual ending value is below the coverage price, an indemnity will be paid for the difference.

Recent Updates

• LRP sales period now closes at 8:25 AM CST.
• The insured now selects a coverage level, rather than a coverage price when purchasing an SCE.
• New Coverage Levels: 75%, 80%, 85%, 87.5%, 90%, 92.5%, 95%, 96%, 97%, 98%, 99% & 100%.

LRP Fed Cattle

LRP – Fed Cattle is a federally reinsured livestock product that provides single-peril risk protection against the decline in fed cattle price over the insurance period.

New for RY 2025

• LRP Fed Cattle offers will not be offered on days that the Cattle on Feed report is released.
• New language was released that now says the producer must elect a coverage level rather than a coverage price when purchasing an SCE.
• Sales records must be dated no later than 60 days after the end date of the fed cattle endorsements.

Recent Updates

• Coverage may be purchased after the price guarantee is posted to the RMA site and before 8:25 AM CST of the following day.
• Modified Fed Cattle settlement price series to Steers: Live FOB over 80% choice.

LRP Feeder Cattle

LRP – Feeder Cattle is a federally reinsured livestock product that provides protection when the national cash price index, as reported by the Chicago Mercantile Exchange (CME), falls below the insured’s price coverage level.

New for RY 2025

• LRP Feeder Cattle offers will not be offered on days that the Cattle on Feed report is released.
• New language was released that now says the producer must elect a coverage level rather than a coverage price when purchasing an SCE.
• For sold feeder cattle, sales records must be dated no later than 60 days after the end date of the endorsement.

Recent Updates

• Coverage may be purchased after the price guarantee is posted to the RMA site and before 8:25 AM CST on the following day.
• Producers can insure up to 12,000 head per Specific Coverage Endorsement (SCE) with a limit of 25,000 head per crop year.

LRP Swine

LRP-Swine is a federally reinsured livestock product that provides protection against the decline in hog prices, as published by the Agricultural Marketing Service (AMS), over the selected insurance period. Producers may select from a variety of coverage levels and insurance periods to match the time the hogs would normally be marketed.

New for RY 2025

• LRP Swine offers will not be offered on days that the Hogs and Pigs report is released.
• New language was released that now says the producer must elect a coverage level rather than a coverage price when purchasing an SCE.
• For LRP Swine, sales records must be dated no later than 60 days after the end date of the endorsement.

Recent Updates

• Modified the endorsement length for unborn swine to a minimum of 30 weeks and a maximum of 30 weeks for all other swine.
• Coverage may be purchased after the price guarantee is posted to the RMA site and before 8:25 AM CST on the following day.
• Producers can insure up to 70,000 head per SCE with a limit of 750,000 head per crop year.

LRP Unborn Livestock

LRP Unborn Livestock provides protection to livestock not born on an effective date but expected to be marketed before the end date.

New for RY 2025

• Proof of ownership interest in the pregnant cows or sows to which the unborn livestock were born may be required.

Quote Coverage

The Hudson Crop LRP Quoter provides 24-hour access and up-to-the-minute quotes for the RMA Livestock Risk Protection Insurance Program for Fed Cattle, Feeder Cattle and Swine. Our quoting software provides our agents and farmers a more efficient way to choose the best coverage to protect their investment should the national price drop before the animal goes to market. Additionally, our quoting system will provide an overview of the upside potential in the marketplace.  Quote LRP now  >

Premium Subsidy

The information contained in this publication is for general purposes only and shall not modify the terms of any insurance policy.