We devote this entire episode to Livestock Risk Protection Insurance. Is this a product for your operation? Maybe…Livestock risk protection is a type of insurance that is designed to protect ranchers from financial losses caused by declining prices in the market. If the price for cattle falls below a specific level, the rancher receives payment to help offset the loss.
Episode Details
Let’s Ranch it Up! What are these current feeder cattle prices looking like for your operation? Are you going to be in the black? The experts are saying that we need to strike while the “iron it hot”! We all know that these prices will not last forever so the big question is how can we use different financial products to make sure that the prices we need are going to be the prices that we receive? This is where LRP Insurance or Livestock Risk Protection Insurance comes into play. But we understand that this can be intimidating and down right scary when we don’t understand how the entire product works. We bring in the professionals and really dive into the rabbit hole about Livestock Risk Protection Insurance. And remember, if you have questions, we take great pride in getting you in touch with the individuals, businesses and programs to help make your operation more profitable. Plus, we cover the current markets and trends and have updates on livestock for sale from our partners at Livestock Market. Tigger & BEC’s crew dive into the latest agriculture news, rodeo action to not miss, and cover the cattle markets.
Livestock Risk Protection Insurance (LRP)
Feeder Cattle (LRP-Feeder Cattle) is designed to insure against declining market prices. You may choose from a variety of coverage levels and insurance periods that match the time your feeder cattle would normally be marketed (ownership may be retained).
COW COUNTRY NEWS
- A reminder, OTC livestock antibiotics will require a prescription starting June 11. We will have more updates next week!
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