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Livestock Risk Protection (LRP) Insurance in Missouri

Raymond Massey, Ryan Milhollin and, Bryce Bock (March, 2014)

Summary

Livestock risk protection (LRP) insurance offers livestock producers a way to manage risk associated with market price volatility. It does not protect against other perils such as disease or death. The U.S. Department of Agriculture's (USDA) Risk Management Agency (RMA) administers LRP insurance products. It is sold by approved livestock insurance agents throughout the year, and LRP premiums are subsidized by the federal government.