Livestock Risk Protection
Customizable Risk Protection for Fed Cattle, Feeder Cattle and Swine
Livestock Risk Protection (LRP) enables livestock operations to purchase insurance coverage against adverse changes in the market prices of their cattle – helping them to protect revenue, lock in profits and perhaps even capture some upside benefits. LRP coverage is available for fed cattle, feeder cattle and swine.
How does Livestock Risk Protection work?
Fed Cattle
- Available in all 50 states throughout the year
- Producers can insure up to 12,000 head per endorsement/ limit 25,000 per crop year
- Premium is subsidized between 35 and 50% depending on coverage level
- Premium may be paid at the end of the endorsement period
- Insurance periods ranging from 13 weeks to 52 weeks
- Settled to USDA-reported cash prices
Feeder Cattle
- Available in all 50 states throughout the year
- Producers can insure up to 12,000 head per endorsement / limit 25,000 per crop year
- Premium is subsidized between 35%-50% depending on coverage level
- Premium may be paid at the end of the endorsement period
- Insurance periods ranging from 13 weeks to 52 weeks
- Settled to CME national cash price index
Swine
- Available in all 50 states throughout the year
- Producers can insure up to 70,000 head per endorsement / limit 750,000 per crop year
- Premium is subsidized between 35%-50% depending on coverage level
- Premium may be paid at the end of the endorsement period
- Insurance periods ranging from 13 weeks to 52 weeks
- Settled to price as reported by Agricultural Marketing Service (AMS)
How to Purchase LRP
Run by the USDA’s Risk Management Agency, LRP is available through approved insurance agents in SA Stone Wealth Management Inc. Several members of StoneX Financial Inc. - FCM Division, which focus on livestock risk management, are registered with SA Stone to provide LRP to their clients.
No matter where crop insurance is purchased, the rates and subsidy percent will always be the same. The only difference between agents is livestock market knowledge and their ability to help operations optimize coverage for their individual circumstances.
Why purchase LRP through StoneX?
LRP differs from most insurance products in that it provides protection specifically against market price risk. This puts our price-risk management professionals in a unique position to:
1. help producers optimize LRP coverage to fit their operations and needs precisely
2. leverage LRP as part of a larger risk management strategy that can help producers protect revenue, lock in profits and perhaps even capture some upside.
Or you can contact our LRP agents today.