Economic Tidbits

Inside Profitability—Livestock Risk Protection

A fire, pandemic, and cybersecurity attack have rocked cattle markets over the last two years. The risks inherent in cattle production are growing every day. Cattle prices can swing wildly, and when market shocks occur, it’s too late for producers to respond. The first of Nebraska Farm Bureau’s Inside Profitability Series is scheduled Wednesday, June 30, at noon (CDT) and will focus on price risks faced by cattle producers. The webinar will provide information on Livestock Risk Protection (LRP) insurance as a tool to manage price risk. LRP is designed to insure against declining market prices for both feeder and fed cattle.

Producers participating in the webinar will:

  • Learn the details of LRP and how it works for both feeder and fed cattle from a Farm Bureau Financial Services expert;
  • Hear first-hand from fellow cattle producers on their experiences with LRP;
  • Have the chance to ask questions of the panel on whether LRP might be a viable tool for their operations;
  • Receive information on LRP and contact information for follow-up questions.

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