Livestock revenue insurance

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Posted: Mon May 03, 2010 10:20 am Post subject: Livestock revenue insurance

Hi, I'm looking for information on Livestock revenue insurance. Would it help all producers? _________________ Register Now to have your Insurance queries solved.

brookeclay

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Posted: Tue May 04, 2010 7:04 am Post subject:

I guess the livestock revenue insurance is a good product to protect us from financial risks. The livestock market is quite volatile. I guess there's another insurance coverage called the LGM. It's good for cattle producers. _________________ Register Now to have your Insurance queries solved.

anonymous00

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Posted: Tue May 04, 2010 9:40 pm Post subject:

Livestock Revenue coverage is commonly part of "Crop and Hail" coverage forms. You need to find a crop and hail producer that knows his stuff. InsTeacher

InsTeacher

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Posted: Wed May 05, 2010 6:58 am Post subject:

Quote:

I guess the livestock revenue insurance is a good product to protect us from financial risks.

You may contact an authorized agent who could get you enrolled for Livestock Risk protection program. This RMA product is approved by the U.S. Dept. of ariculture.

steven

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Posted: Fri May 07, 2010 10:31 am Post subject:

Quote:

This RMA product is approved by the U.S. Dept. of ariculture.

LRP is a tool that helps the producers manage their risks. It covers cattle (both feeder and finished) as well as hogs. Crop insurance is sold by the same vendors that sell LRP. However, it's advised to go through the state norms before you use LRP.
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Juanita

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Posted: Sat May 08, 2010 7:45 am Post subject:

Some times it may so happen that the national index (cash price index) falls under the price level insured. The LRP could be an effective price risk cover for the producers under such circumstances.