LIVESTOCK
Livestock Risk Protection
Livestock Risk Protection (LRP) is a federally reinsured livestock product that provides single peril risk protection against the decline in prices over the insurance period.
This insurance may be purchased throughout the year. Premium rates, coverage prices, and actual ending values are posted online daily. LRP does not insure against death, loss or poor performance.
At the end of the insurance period, if the actual ending value is below the coverage price, an indemnity will be paid for the difference.
New for RY 2027
LRP Fed and Feeder Cattle offers will not be available on days the Cattle Inventory Report is released.
LRP Fed Cattle
LRP Fed Cattle is a federally reinsured livestock product that provides single-peril risk protection against the decline in Fed Cattle price as published by the Agriculture Marketing Services (AMS), over the insurance period.
New for RY 2027
New for RY 2027
- Increase in highest allowable target weights for both Steers and Heifers as well as Cull Cows.
- Steers and Heifers – 10 to 18 cwt
- Cull Cows – 8 to 17 cwt
- Definition clarification for Cull Cows:
- Dairy cows removed from the herd and marketed for beef, qualify regardless of whether they are sold directly for slaughter or placed on feed prior to slaughter;
- Cull Cow Type now has a max endorsement length of 52 weeks.
- An insured with LRP Fed Cattle coverage can also have LGM Cattle target marketings in the same month as the SCE end date, if both policies are with the same AIP.
- LRP Fed Cattle offers will not be offered on days that the Cattle on Feed report is released.
- Sales records must be dated no later than 60 days after the end date of the Fed Cattle endorsement.
- Livestock purchased through a livestock purchase agreement (forward contract) are now eligible to be insured under LRP before the buyer has taken physical possession.
- Premium is now billable the 1st of the 2nd month following the end of the endorsement.
- Producers can insure up to 12,000 head per SCE with a limit of 25,000 head per crop year.
LRP Feeder Cattle
LRP Feeder Cattle is a federally reinsured livestock product that provides protection when the national cash price index, as reported by the Chicago Mercantile Exchange (CME), falls below the insured’s price coverage level.
New for RY 2027
New for RY 2027
- 3 new unborn Feeder Cattle types added (6.0-9.0 cwt) with a minimum endorsement length of 30 weeks:
- Unborn Bulls and Heifers Weight 2
- Unborn Dairy Weight 2
- Unborn Brahman Weight 2
- Livestock purchased through a livestock purchase agreement (forward contract) are now eligible to be insured under LRP before the buyer has taken physical possession.
- LRP Feeder Cattle offers will not be offered on days that the Cattle on Feed report is released.
- Premium is now billable the 1st of the 2nd month following the end of the endorsement.
- For sold feeder cattle, sales records must be dated no later than 60 days after the end date of the endorsement.
- Proof of ownership interest in the pregnant cows to which the unborn livestock were born is required.
- Producers can insure up to 12,000 head per SCE with a limit of 25,000 head per crop year.
- Reminder from RY 2026 – New Feeder Cattle type:
- Unborn Calves (0.60-0.99 cwt)
- For beef & beef on dairy cross calves expected to be sold within the first two weeks after birth.
- Unborn Calves (0.60-0.99 cwt)
LRP Swine
LRP Swine is a federally reinsured livestock product that provides protection against the decline in hog prices, as published by the Agricultural Marketing Service (AMS), over the selected insurance period.
New for RY 2027
New for RY 2027
- An insured with LRP coverage can also have LGM Swine target marketings in the same month as the SCE end date, only if both policies are with the same AIP.
- The premium billing date is now the 1st day of the 2nd month following the end of the endorsement.
- LRP Swine offers will not be offered on days when the Hogs and Pigs report is released.
- Sales records must be dated no later than 60 days after the end date of the endorsement.
- Producers can insure up to 70,000 head per SCE with a limit of 750,000 head per crop year.
Quote Coverage
Our LRP quoting tool provides agents and ranchers a more efficient way to choose the best coverage to protect their investment should the national price drop before the animal goes to market - including an overview of the upside potential in the marketplace.
Premium Subsidy
| 35% | 40% | 45% | 50% | 55% |
|---|---|---|---|---|
| 95-100% Coverage |
90-94.99% Coverage |
85-89.99% Coverage |
80-84.99% Coverage |
70-79.99% Coverage |
The information contained in this publication is for general purposes only and shall not modify the terms of any insurance policy.
Quote DRP in the eHarvest Processing System without having to set up a policy first! Hudson Crop agents can also access the DRP Quoter through via eHarvest.
LGM quoting tool allows agents and ranchers to select the best margin coverage for their Dairy, Cattle and Swine operations by analyzing commodity prices and flexible deductibles.
LRP Quoter provides 24-hour access and up-to-the-minute quotes for the RMA Livestock Risk Protection Insurance Program for Fed Cattle, Feeder Cattle and Swine.
Contact Us
If you have any livestock-related questions or comments, please fill out this brief form and one of our representatives will respond.
For general Hudson Crop & Livestock policy questions, please call
Call (866) 450-1445.
For general Hudson Crop & Livestock policy questions, please call
Call (866) 450-1445.
