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Understanding Livestock Risk Protection (LRP)

With the high cost of feeding cattle and today’s volatile markets, protecting your investment is more important than ever. In the latest episode of Bruce Talks, Momentum Ag agent and producer Bruce Lantzky is joined by Momentum Ag agent and third-generation farmer Miles Brown to explain how Livestock Risk Protection (LRP) works and why it may be a good fit for your operation. LRP is federally subsidized insurance designed to protect against declining cattle prices while still allowing you to benefit if the market moves higher. For producers who are not large enough to use futures and options, or who want a simpler way to manage risk, LRP can provide a valuable safety net. In this episode, Bruce and Miles discuss what LRP is, how it works, and how it can help put a floor under your investment. If you have questions about LRP, reach out to Bruce, Miles, or your Momentum Ag agent.