West Virginia Livestock Risk Protection Insurance

This page is intended as a resource for livestock producers interested in acquiring crop insurance.  There is quite a bit of information available on the Web, but it can be very confusing and referencing all the links can leave one lost in cyber space." I have tried to organize it is a more "user friendly" way and hope that will help you as you study your risk management option.

General information

• Beef Cattle Price Insurance - Tom McConnell
• Livestock Risk Protection - Presentation - Tom McConnell
• Livestock Insurance Sales to Resume September 30, 2004 - RMA News Release

Feeder Cattle and Calves Livestock Risk Protection

• Beef Cattle/Calves Crop Insurance Policy
  Livestock Risk Protection Insurance Pilot Program LRP-Feeder Cattle - RMA Fact Sheets

• For specifics about the feeder cattle contract look at the page entitled Specific Coverage Endorsement
  USDA Federal Crop Insurance Corporation Livestock Risk Protection Policy Specific Coverage Endorsement – Feeder Cattle

• This program is based on the Chicago Mercantile Exchange Feeder Cattle Reported Index which is posted daily at   http://www.cme.com/trading/dta/hist/cash_settled_commodity_prices.html?type=Feeder%20Cattle   If you have difficulty accessing this information you can always go to http://CME.COM

• To obtain “Daily LRP Coverage Prices, Rates, and Actual Ending Values” visit http://www3.rma.usda.gov/apps/livestock_reports/ This site will supply you with the Expected End Value, Coverage Price, Coverage level, premium cost, end date of the contract and if you access it about 48 hours after the

Fed Cattle LRP can be viewed at the following sites

• Livestock Risk Protection Insurance Pilot Program LRP-Fed Cattle

• USDA Federal Crop Insurance Corporation Livestock Risk Protection Policy Specific Coverage Endorsement – Fed Cattle  

• To obtain “Daily LRP Coverage Prices, Rates, and Actual Ending Values” - http://www3.rma.usda.gov/apps/livestock_reports/ This site will supply you with the Expected End Value, Coverage Price, Coverage level, premium cost, end date of the contract and if you access it about 48 hours after the contract mature you can learn what the Actual End Value is thus determining whether or not you earn an indemnity payment.