Volatile Livestock Markets Sparks Increase in LRP Participants

Popularity of Livestock Risk Protection (LRP) insurance, available for fed or feeder cattle, dairy cattle, swine and lambs, has skyrocketed across the United States, says insurance experts. LRP can protect against declining market prices and policies can be customized to any livestock producer no matter the number of head. In Nebraska alone in the first half of 2021, nearly 40,000 feeder cattle have already been insured compared to less than 10,000 in 2020. Market analysts cite the year’s volatile livestock prices as the main motivation. Find out more about recent LRP trends and hear stories from farmers of how it can be an effective risk management tool.