Recent improvements to LRP
for Feeder and Fed Cattle
Increased head limits
The head limits have increased to 6,000 head per endorsement, 12,000 head per year
Increase the premium subsidy for coverage levels above 80%. Those with an 80% or higher coverage level will get a 5-percentage point subsidy increase.
Premiums due at end
Premium is due at the end of the endorsement period
What is LRP?
Livestock Risk Protection (LRP) and Livestcock Gross Margin (LGM) for fed and feeder cattle from the USDA's Risk Management Agency (RMA) are federally-reinsured, subsidized livestock products that provide protection against the decline in cattle prices. They are improving every year and should be considered as part of a risk management plan for cattle owners and feeding operations of any size.
how can stockguard help?
Stockguard is a provider of LRP/LGM - Cattle as licensed agents of Hudson Crop and we can advise you on these and all RMA plans. These programs cover you against downturns in market price, but have limitations – they don’t help if your herd is impacted before making it to market.