ALERT

Holiday closure

The western LPI Client Contact Centre will be closed from December 24 at 2 p.m. through January 1, 2025. We will reopen January 2, 2025. Last day for Claim Request – December 16, 2024 Last day of expiring policies – December 23, 2024 (statements and any indemnity processing on January 8, 2025) First day for Claim Request – January 13, 2025 (Fed, Feeder-AB), January 20, 2025 (Feeder-SaskMan, Calf-AB, Calf-SaskMan) Last day for Purchase – December 19, 2024 First day for Purchase – January 14, 2025 (Fed, Feeder-AB, Hog), January 21, 2025 (Feeder-SaskMan)

Home / FAQs / How did Livestock Price Insurance Begin?

Frequently Asked Questions

How did Livestock Price Insurance Begin?

July 12, 2022

LPI began as a producer-driven initiative initially developed under the guidance of Alberta Beef Producers, with the aim of enhancing Alberta cattle producers’ ability to manage their price and basis risk.

The program was introduced in 2009 as the first of its kind in Canada, providing producers with a range of coverage and policy options to help manage price risk by providing an insurable ‘floor’ price on cattle. This caught the attention of producers in the western provinces. Realizing the support a westernized program would have, governments began discussions to expand Alberta’s program to more provinces in 2012.