LRP Insurance
Insuring Against Declining Market Prices and Adverse Situations
Livestock Risk Protection is a federally reinsured livestock product that protects single peril risk against declining prices over the insurance period. This insurance may be purchased throughout the year.
Premium rates, coverage prices, and ending values are posted online daily. The RMA monitors capacity levels, and sales for this product will cease when the funding limit has been reached. LRP does not insure against death, loss, or poor performance. If the actual ending value is below the coverage price, an indemnity will be paid for the difference at the end of the insurance period.
Licensed LRP Agents & Market Advisors
Toni Dunker Brady Huck Kayla Walker
LRP Details & Information
LRP Process
Applying for LRP is a straightforward process. Submit a 1-time application. The person/entity with ownership of livestock must be eligible for coverage. The LRP policy is continuous until canceled. The LRP application establishes the right but not the obligation to purchase. Enrolling is free, with no cost to the applicant. To learn more about LRP and to receive a free information packet, complete the form below.
LRP Coverage Levels
|
SWINE |
FED CATTLE |
FEEDER CATTLE |
| The length of insurance coverage available for each specific endorsement is 13 - 52 weeks but may be limited based on the insured type. This includes swine that are unborn on the effective date. Only an entity with an ownership interest in pregnant sows is covered. The number of pregnant sows must be capable, under normal circumstances, of producing the number of unborn swine insured. | Coverage is available for Steers and Heifers in the feedyard that are expected to grade select or higher with a yield grade of 1-3 that will be marketed for slaughter at 10 cwt to 16 cwt at the end of the insurance period. | Coverage is available for cattle weighing up to 10 cwt from a cow-calf operation or a stocker/ backgrounding operation. Cattle covered are steers, heifers, Brahman-influenced, Dairy-influenced, Unborn Steers & Heifers, Unborn Brahman, and Unborn Dairy cattle weighing 1.0 – 5.99 cwt. |
Enhance LRP by using Futures & Options
You can manage LRP just like a put option in your trading account. By combining LRP with a futures options account in one place, we can manage your position, protect equity, and embrace market volatility. Work with a dedicated Livestock Agent & Livestock Market expert to help you manage positions and insurance.
Insurance services provided by ATI Agency, Inc. Issuance of insurance coverage is subject to underwriting review and approval. Coverage not available in all states. Please see the policy for the full terms, conditions and exclusions. ATI Agency, Inc. is an insurance agency licensed to sell certain insurance products and may receive compensation from insurance companies for such sales. Policy obligations are the sole responsibility of the issuing insurance company. Coverage scenarios are hypothetical and shown for illustrative purposes only. Coverage is dependent on the actual facts and circumstances giving rise to a claim. Advance Trading, Inc. is an equal opportunity employer and provider.
