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Livestock Risk Protection: A New Insurance Contract for Cattle

Summary

This page is designed to aid farmers with their marketing and risk management decisions. The Risk Management Agency (RMA) has announced the release of the Livestock Risk Protection (LRP) contract for Kansas on feeder cattle. LRP does not guarantee the producer a cash price. The LRP contract is a single peril price risk contract. Effectively, it is an off board price derivative but for legal reasons it is referred to as an insurance product.