Livestock Risk Protection (LRP) is a federal insurance program developed and administered by the Risk Management Agency (RMA) designed to help protect livestock producers from price declines. LRP for Feeder Cattle offers cow-calf producers and stocker and back grounding operators the opportunity to purchase insurance against a decline in the Chicago Mercantile Exchange (CME) Feed Cattle Index.
Currently LRP is a pilot program sold by insurance companies through RMA, a branch of the U.S. Department of Agriculture (USDA), and approved by the Federal Crop Insurance Corporation (FCIC) Board. LRP for feeder cattle is available to producers located in Colorado, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, Nevada, North Dakota, Oklahoma, Ohio, South Dakota, Texas, Utah, West Virginia, Wisconsin, and Wyoming.
Many questions that you may have regarding LRP Coverage can be answered by visiting the following links:
RainHail.com - Livestock Risk Protection
University of Nebraska-Lincoln - LRP: Frequently Asked Questions
Kansas State University - LRP: Insurance for Feeder Cattle