Insures against decreases in livestock selling prices while enabling producers to benefit from an increase in market prices.
LRP is an insurance program offered to producers of fed cattle, feeder cattle, marketable dairy cattle and hogs.
A user of LRP first selects an end date for the insurance policy that is close to the expected marketing date for the livestock and then selects a coverage price level to insure.
If, on the end date of the policy, the regional/national cash price average (not the producer’s cash price) is below the insured coverage price, the LRP insurance pays an indemnity to make up the difference.
They focus 100% of their time on crop and livestock insurance — every working day of every week in the year. They don’t sell property, casualty or life insurance.
Our insurance officers receive annual training on RMA changes to crop and livestock insurance plans and stay informed throughout the year.
As a lender, we understand financial risk and work to protect your working capital, not just your crop or livestock.
Contact us if you have questions or need more information. Fill out the form, or connect with your local office using the Office Locator.
Frontier Farm Credit serves farmers, ranchers, agribusinesses and rural residents in eastern Kansas. For inquiries outside this geography, use the Farm Credit Association Locator to contact your local office.
