Livestock Risk Protection 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.
Fed Cattle
LRP – Fed Cattle provides single peril risk protection against the decline in fed cattle price over the insurance period. Producers may select from a variety of coverage levels and insurance periods to match the time the fed cattle would normally be marketed
New for 2023
- Producers can insure up to 12,000 head per SCE with a limit of 25,000 head per crop year.
- Increased weight limits for insurable livestock 1,000 #s – 1,600 #s.
- Modified the provisions defining Covered Livestock regarding ownership requirements, insurability and documents required for verification to receive an indemnity.
Feeder Cattle
LRP-Feeder Cattle provides protection when the national cash price index, as reported by the Chicago Mercantile Exchange (CME), falls below the insured’s price coverage level. Producers may select from a variety of coverage levels and insurance periods to match the time the feeder cattle would normally be marketed.
New for 2023
- Producers can insure up to 12,000 head per Specific Coverage Endorsement (SCE) with a limit of 25,000 head per crop year.
- Increased weight limits for insurable livestock:
̵ Weight 1 – 100 pounds to 599 pounds
̵ Weight 2- 600 pounds to 1,000 pounds - Modified the provisions defining Covered Livestock regarding ownership requirements, insurability and documents required for verification to receive an indemnity.
Swine
LRP-Swine 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 2023
- Producers can insure up to 70,000 head per Specific Coverage Endorsement (SCE) with a limit of 750,000 head per crop year.
- Modified weight range for insurable livestock to 1.45 to 2.60 lean cwt.
- Modified the endorsement length for unborn swine to a minimum of 30 weeks and a maximum of 30 weeks for all other swine.
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
35% | 40% | 45% | 50% | 55% | ||
---|---|---|---|---|---|---|
95-100% COVERAGE |
90-94.99% COVERAGE |
85-89.99% COVERAGE |
80-84.99% COVERAGE |
70-79.99% COVERAGE |
The information contained in this publication is for general purposes only and shall not modify the terms of any insurance policy.
- MO
- TU
- WE
- TH
- FR
- SA
- SU
- 30
- 31
- 1
- 2Announcement of Class & Component PricesAll Day
- 3Dairy Products ReleasedAll DayNASS Dairy ProductsAll Day
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15Quarter EndAll DayLast date to purchase Q3 2022 Coverage , ...
- 16
- 17
- 18
- 19
- 20
- 21Milk Production ReleasedAll DayNASS Milk ProductionAll Day
- 22
- 23Cold Storage ReleasedAll DayNASS Cold StorageAll Day
- 24
- 25
- 26
- 27
- 28
- 29Announcement of Class & Component PricesAll Day
- 30Quarter EndAll DayLast date to purchase Q4 2022 Coverage – for the 2022 Crop Year/RY Last date to purchase Q1 2023 Coverage – for the 2022 Crop Year/RY Last date to purchase Q2 2023 Coverage – for the 2022 Crop Year/RY Last date to purchase Q3 2023 Coverage – for the 2022 Crop Year/RY , ...
- 1
- 2
- 3
Week 5
- Mon 30
- Tue 31
- Wed 1
- Thu 2
- Fri 3
- Sat 4
- Sun 5
- Mon 6
- Tue 7
- Wed 8
- Thu 9
- Fri 10
- Sat 11
- Sun 12
- Mon 13
- Tue 14
- Wed 15
- Thu 16
- Fri 17
- Sat 18
- Sun 19
- Mon 20
- Tue 21
- Wed 22
- Thu 23
- Fri 24
- Sat 25
- Sun 26
- Mon 27
- Tue 28
- Wed 29
- Thu 30
- Fri 1
- Sat 2
- Sun 3
-
30MayAll Day
Memorial Day
-
02JuneAll Day
Announcement of Class & Component Prices
-
03JuneAll Day
Dairy Products Released
03JuneAll DayNASS Dairy Products
-
No Events
-
15JuneAll Day
Quarter End
-
21JuneAll Day
Milk Production Released
21JuneAll DayNASS Milk Production
-
23JuneAll Day
Cold Storage Released
23JuneAll DayNASS Cold Storage
-
29JuneAll Day
Announcement of Class & Component Prices
-
30JuneAll Day
Quarter End
-
01JulyAll Day
Dairy Products Released
01JulyAll DayNASS Dairy Products