Home / News / From pasture to policy: Using LPI

Latest News

From pasture to policy: Using LPI

March 5, 2025

Join LPI as we dispel common myths and answer important questions about the Livestock Price Insurance program.

Question: What is the best way to use LPI?

Make the most out of the LPI program by incorporating these tips into your policy purchasing plan:

• Understand your business: Make sound business decisions by knowing your cost of production and margins.
• Monitor the LPI premium tables: Keep up to date on market fluctuations by monitoring LPI premium tables and weekly market information. Producers can use this information to capitalize on coverage advantageous to their operation.
• Purchase multiple policies with different expiry dates: Distribute your risk by purchasing multiple policies over a period of time instead of buying coverage for all animals at once. Insuring livestock with different policy expiry dates can be a beneficial way to split marketing and price risk, particularly if producers sell their animals over a few weeks of time.

Join Brett as he provides insight into the best way to use the LPI program.