The only peril covered under LRP is unexpected future decline in market value of cattle and swine. We offer this insurance in all 50 states. A drop in a sale price that a producer receives personally will not create an indemnity under LRP. Coverage sales are typically offered every market trading day.
LRP covers cattle and swine. However, the specific types of livestock eligible for coverage can vary, so it’s important to check with your insurance provider for the most current information and options available for your specific livestock.