Livestock Risk Protection Insurance For Cattle and Swine
Price Protection Without Futures Accounts
Livestock Risk Protection sets a floor under your sale price. If the published index falls below your insured level at the end date, an indemnity helps make up the difference. Bath Insurance Group helps you time endorsements around marketing plans, target weights, and cash flow so coverage aligns with when you sell.
How LRP Works Day to Day
Choose species and class, number of head, coverage price, and end date that matches your target sale window. Prices post most weekdays in late afternoon. We review options, place the endorsement, and track it to expiration. If the index is lower than your coverage price on the end date, payment can be due. If the market is higher, you sell strong and no indemnity is needed.
Why LRP Fits Farms of All Sizes
No margin calls, no futures accounts, and you can insure small lots. Premiums are partially subsidized and are billed at the end of the coverage period, which helps cash flow. Endorsement lengths vary so you can align coverage with finishing schedules or pasture gains.
Cattle and Swine Options Made Simple
Cattle producers can choose feeder or fed classes based on weight and timing. Swine producers select head counts and coverage durations that match their finishing plans. We outline differences in pricing, expected basis, and typical timelines so choices are clear and aligned with your marketing strategy.
Enrolling and Managing Endorsements
A one time policy application is required before purchasing endorsements. After that, you can add coverage when markets set up well. If your actual sale date shifts, the policy still uses the index at expiration, not your cash sale ticket. We help document head counts and maintain records for compliance.
LRP Insurance FAQs
How is the coverage price chosen
You pick from listed coverage levels as a percent of expected price. Higher coverage gives more protection and costs more premium. We review posted options before you commit.
When do I pay the premium
At the end of the coverage period. If an indemnity is due, the premium is deducted first and you receive the net.
Can I combine LRP with futures or contracts
Policies restrict double coverage on the same animals for the same risk. Many producers choose LRP because it replaces the need for futures on those head. We will review your marketing plan to avoid conflicts.
What if I sell earlier or later than the end date
LRP pays based on the index at expiration, not your cash sale date, so you are not forced to sell on a specific day.
Is there a minimum lot size
No. You can insure small groups or even individual head. Annual caps exist for very large operations and we track those limits.
Does LRP work with other insurance
Yes. Many farms use LRP for market price risk and PRF insurance for forage risk, with mortality coverage on breeding stock for full protection.
Set a Dependable Floor Under Your Livestock Prices
Markets move. Your plan does not have to. Bath Insurance Group will time endorsements, explain settlement math, and answer questions from start to finish.
