Livestock Risk Protection (LRP)

Livestock markets change quickly. LRP offers a risk management solution against declining prices.

About LRP

Livestock Risk Protection (LRP) is a federally subsidized program that protects producers against livestock price declines. Coverage applies to fed cattle, feeder cattle, swine, and unborn livestock intended for market or slaughter, for which producers have full or partial ownership.

Flexibilities

The LRP policy provides producers the option to up to 100% of the coverage price or buy down to 75% of the coverage price.

It also offers flexibility in insurance periods, with options as short as 13 weeks or as long as 52 weeks, depending on your farm’s production and marketing plan. Note: RMA offerings may vary by sales day.

Applications

Not currently enrolled? You can apply anytime during the year through an insurance carrier that Murphy Crop & Livestock represents.

Already have LRP? If you’d like to keep coverage but move your policy to our agency, transfers must be completed by June 30 for the upcoming insurance year—midyear transfers aren’t allowed.

Once your application is accepted, you can purchase a coverage endorsement whenever RMA posts daily sales offerings. Prices are released around 3:00 p.m. CST, Monday–Friday (normal business days), with sales closing at 8:25 a.m. CST the following morning. Premiums aren’t due until the end of the insurance period—unless an indemnity payment is triggered by a decline in market prices.

For producers to be eligble for federal subsidies, the Form AD-1026 must be on file with FSA

Livestock producers can now stay up to date with market trends and Livestock Risk Protection (LRP) pricing using the free Cattle Market Mobile app. This powerful tool includes a built-in daily LRP calculator, making it easier than ever to make informed decisions.

Download the app today by scanning the QR code to the left and start monitoring LRP rates in real time. When you're ready, reach out to lock in your coverage.

Smart Risk Management Starts Here

Reach out today. At Murphy Crop & Livestock Insurance, we know the livestock market can be unpredictable. With Livestock Risk Protection, you can safeguard your bottom line and move forward with confidence—no matter what the markets bring.