Using Livestock Risk Protection to Safeguard Cattle Profits

Livestock Risk Protection (LRP) insurance has become one of the most widely used risk management tools available to cattle producers, thanks to significant program enhancements, increased premium subsidies, and greater accessibility. This webinar will examine how LRP has evolved, review Nebraska participation trends and performance history, and discuss how producers can use the program to manage downside price risk while protecting profitability.

Drawing on more than two decades of historical data, participants will learn when LRP has provided the greatest value, how indemnities compare to premium costs, and what recent policy changes mean for beginning producers. Whether you are new to LRP or looking to refine your risk management strategy, this session will provide practical insights to help you make informed marketing and insurance decisions.

Presenter: Jay Parsons, professor, farm and ranch management specialist and director, Center for Agricultural Profitability.