Livestock Risk Protection
Livestock Risk Protection (LRP) is a federally reinsured livestock product that provides price protection on fed cattle, feeder cattle, and swine against a price decline during the policy coverage period. LRP is priced and available for sale continuously throughout the year. Coverage is flexible and the premiums to establish floors are subsidized.
There have been significant changes to the 2021 (current) crop year increasing subsidy levels and raising the number of insurable animals. Because of these changes, CIH feels producers should evaluate how it could benefit their operation.
CIH offers this government-subsidized insurance program, through its affiliate CIH Insurance Services, to swine, feeder and fed cattle producers. Call us today to discuss how it can fit into your risk management needs.
- For swine, call Brendan at 312.596.7734
- For feeder and fed cattle, call Adam at 773.220.8778
LRP Advantages
- Coverage prices and endorsement periods make it customizable
- Subsidized premiums that are due at end of the period
- Can insure a specific number of livestock, from one head up to the insurance limit
- No margin calls or broker fees
- Easy to utilize as part of comprehensive risk management plan
LRP at CIH
CIH has been working with agriculture producers since 1999 helping them manage their risk using futures, options, and cash contracts. With the new changes to the LRP program, CIH has built out a full suite of LRP specific tools to quickly price LRP for our customers and compare vs futures and options alternatives. CIH is using that analysis, along with an understanding of cattle and hog specific seasonality and market trends, to help our clients determine if and when LRP coverage is in their best interest.
Give us a call today to learn more about the LRP program and discuss how it can fit into your operation’s risk management strategy.
Livestock Class Details
Insurance |
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Subsidized Premium |
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Indemnity Payment |
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Coverage Prices & Rates |
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Insurance |
|
Subsidized Premium |
|
Indemnity Payment |
|
Coverage Prices & Rates |
|
Insurance |
|
Subsidized Premium |
|
Indemnity Payment |
|
Coverage Prices & Rates |
|