Livestock Risk Protection

To sell LRP, you need only a general lines insurance license. This means any one without experience in cattle markets can insure your livestock. At Blue Reef we pride ourselves on assembling a team of individuals with diverse backgrounds in the cattle industry, we have a better understanding of market fluctuations and how to better utilize LRP. In the end, providing you with a better plan of risk management.

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At Blue Reef Insurance, we are more than just insurance agents. We understand that as a livestock producer, your business is your livelihood, and you need more than just insurance to protect it. That's why we offer a comprehensive suite of risk management solutions, including Livestock Risk Protection (LRP).

LRP is an important risk management tool for producers to use because it provides a way to manage price risk and protect against market volatility. With LRP, you can lock in a minimum price for your cattle, giving you the confidence to make informed marketing decisions and plan for the future.

LRP is a federally reinsured livestock product that provides protection when the national cash price index, reported by the Chicago Mercantile Exchange (CME), falls below the designated coverage level. Producers may select from a variety of coverage levels and insurance periods to match their specific needs. This insurance may be purchased throughout the year. Premium rates, coverage prices, and actual ending values are posted online daily. LRP does not insure against death, loss or poor performance. At the end of the insurance period, if the actual ending value is below the coverage price, an indemnity will be paid for the difference. 

• Insuring coverage is on a per head basis, allowing producer to protect their exact inventory

• Premium is not due until after the coverage period ends

• Up to 25,000 head of feeder cattle may be insured per crop year

• Up to 25,000 head of fed cattle may be insured per crop year