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.

New for RY2021

  • Increased premium subsidy rates (see rates below)
  • Increased head limits 
  • Modified ownership requirement to 60 days
  • Added endorsement length options for swine
  • Modified the policy and created new feeder cattle and swine types to allow insurability before birth

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

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.

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.

Lamb

LRP-Lamb provides protection against the decline in lamb 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 lamb would normally be marketed.

Premium rates, coverage prices, and actual ending values are posted online on Monday of each week, instead of on a daily basis.

Premium Subsidy

COVERAGE
PREMIUM SUBSIDY
Fed, Feeder and Swine: Between 70% and 100% of the expected ending value Fed, Feeder and Swine:

35% for 95 – 100% Covg. Level

40% for 90 – 94.99% Covg. Level

45% for 85 – 89.99% Covg. Level

50% for 80 – 84.99% Covg. Level

55% for 70 – 79.99% Covg. Level

 

 

 

Lamb: Between 80% and 95% of the expected ending value

Lamb: Varies by endorsement length

13 Weeks – 20%

26 Weeks – 35%

39 weeks – 38%

 

 

 

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

June 2021

MO
TU
WE
TH
FR
SA
SU
31
1
2
3
Announcement of Class & Component Prices
All Day
4
NASS Dairy Products
All Day
Dairy Products Released
All Day
5
6
7
8
9
10
11
12
13
14
15
Quarter End
All Day
Last date to purchase Q3 2021 Coverage , ...
16
17
18
Milk Production Released
All Day
NASS Milk Production
All Day
19
20
21
22
NASS Cold Storage
All Day
Cold Storage Released
All Day
23
24
25
26
27
28
29
30
Quarter End
All Day
  • Last date to purchase Q4 2021 Coverage – for the 2021 Crop Year/RY
  • Last date to purchase Q1 2022 Coverage – for the 2021 Crop Year/ RY
  • Last date to purchase Q2 2022 Coverage – for the 2021 Crop Year/ RY
  • Last date to purchase Q3 2022 Coverage – for the 2021 Crop Year/ RY
, ...
Announcement of Class & Component Prices
All Day
1
2
3
4

2021 June

Week 3

Mon 31
Tue 1
Wed 2
Thu 3
Fri 4
Sat 5
Sun 6
Mon 7
Tue 8
Wed 9
Thu 10
Fri 11
Sat 12
Sun 13
Mon 14
Tue 15
Wed 16
Thu 17
Fri 18
Sat 19
Sun 20
Mon 21
Tue 22
Wed 23
Thu 24
Fri 25
Sat 26
Sun 27
Mon 28
Tue 29
Wed 30
Thu 1
Fri 2
Sat 3
Sun 4