Did you know USDA recently revised the Livestock Risk Protection (LRP) insurance program? Premiums are now due at the end of the endorsement period and better premium subsidies on cattle and swine policies as of July 1. Learn more about LRP by visiting MU Extension’s website or contacting Rachel Hopkins, Ag Business Specialist: https://extension.missouri.edu/g459.
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Livestock risk protection (LRP) insurance offers livestock producers a way to manage risk associated with market price volatility (see Figure 1 for feeder cattle future prices). It does not protect against other perils such as disease or death. The U.S. Department of Agriculture’s (USDA) Risk Mana...