Livestock Risk Protection (LRP)
What LRP Covers
Livestock Risk Protection (LRP) protects producers against unexpected declines in market price.
Only price decline is covered
Producer must have ownership
Proof of ownership required for indemnity
Covered livestock cannot be sold prior to 60 days of contract end
Timing & Availability
Contracts available daily at 4:00 PM
Must be completed by 7:00 AM
Pricing suspended on:
Federal holidays
Cattle on Feed report days
Fat cattle must be sold within 60 days after contract end
Contracts available from 13–52 weeks
Pricing done daily (Text format)
Pricing based on Chicago Mercantile Exchange (CME)
USDA Eligibility Requirement
To qualify for the USDA premium subsidy, producers must have an AD 1026 Land Conservation form on file with the FSA.
