Livestock Risk Protection Insurance

Livestock Risk Protection (LRP) is an insurance program offered to producers of fed cattle, feeder cattle and hogs in Kansas and 18 surrounding states. LRP provides protection from decreases in livestock selling prices while enabling producers to benefit from an increase in market prices.

How LRP Works
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.

How do I get LRP coverage?

  1. Contact Frontier Farm Credit
  2. Submit an application.
  3. When you are ready for coverage to take effect, you will need to:
    • Determine the number of animals you wish to cover that will be ready for market at a particular weight.
    • Choose the insurance period appropriate for reaching the target weight.
    • Select a coverage price for the duration of the policy.
    • Contact your agent no later than 4:00 p.m. in order to bind the desired coverage. The rates are only good for that day.