Sidwell Insurance

Livestock Risk Protection (LRP)

Livestock policies are designed to insure against declining market prices of livestock and not any other peril. Coverage is determined using futures and options prices from the Chicago Mercantile Exchange Group. Price insurance is available for swine, cattle, lambs and milk. Producers decide the number of head (cwt of milk) to insure and the length of the coverage period.

There are two types of plans available: Livestock Risk Protection, provides coverage against market price decline, if the ending price is less than the producer determined beginning price and indemnity is due; and Livestock Gross Margin, provides coverage for the difference between the commodity and feeding costs. If the producer determined expected gross margin is greater than the actual gross margin, an indemnity is due.

Click on these links for more information:

Daily LRP Coverage Price, Rates and Actual Ending Values

Fed Cattle

USDA LRP Fact Sheet

USDA Specific Coverage Endorsement

(LRP) Underwriting Rules

USDA Market Weekly Weighted Average

Premium Calculation Worksheets

Feeder Cattle

USDA LRP Fact Sheet

USDA Specific Coverage Endorsement

(LRP) Underwriting Rules

Feeder Cattle Index (CME)

Premium Calculation Worksheets

Other Fact Sheets

LRP Fact Sheet - Lambs

LRP Fact Sheet - Swine

LGM Fact Sheet - Dairy Cattle

LGM Fact Sheet - Swine

 

Copyright © 2017 Sidwell Insurance, Inc., All rights reserved.         Privacy and Non-discrimination Statement