7-14 FB Risk Protection

The Risk Management Agency’s (RMA) Spokane Regional Office would like to remind Pacific Northwest livestock producers that the Livestock Risk Protection (LRP) program is available in all counties in Idaho, Oregon and Washington. LRP insurance plans include Fed Cattle, Feeder Cattle, Lamb and Swine.

 Here’s UNITED STATES DEPARTMENT OF AGRICULTURERISK MANAGEMENT AGENCY Contact: Jo Lynne Seufer: “LRP coverage protects the policyholder from downward price risk during the insurance period.

 LRP does not cover any other peril” (e.g., mortality, condemnation, physical damage, disease, individual marketing decisions, local price deviations or any other cause of loss).

 There are two steps to buy LRP coverage: 1) producers must submit an application. Once the application is approved, the livestock crop insurance provider will assign a policy number; and 2) the producer activates coverage at any time by applying for a Specific Coverage Endorsement (SCE). No insurance coverage is provided until the producer submits an SCE. Insurance will attach immediately when RMA confirms the SCE has been accepted.