Livestock Risk Protection (LRP) is a federally subsidized program that protects producers against unexpected drops in market prices. If the market falls below your coverage price by the end of your policy period, LRP pays the difference. It’s a simple, reliable way to put a floor under your operation’s income no matter what the market does.

When you enroll, you choose a coverage level between 70 and 100 percent of the expected ending value, and an insurance period between 13 and 52 weeks. That flexibility lets you build a policy around your production cycle and marketing timeline rather than working around a fixed structure.

At the end of your coverage period, LRP compares the market’s ending value to your insured price. If the market came in lower, you receive a payment for the difference. That payment is based on a published market index — not what you personally received when you sold — so the process is straightforward and consistent.

Livestock Risk Protection is available throughout the year.