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 do I choose between the different coverage options in LPI-Calf and LPI-Feeder? And, can I choose one based solely on the fact it has higher coverage and/or lower premium?  

Frequently Asked Questions

How do I choose between the different coverage options in LPI-Calf and LPI-Feeder? And, can I choose one based solely on the fact it has higher coverage and/or lower premium?  

January 19, 2021

Although producers can choose to insure under either coverage option (AB or SK/MB), they are encouraged to select the option which best reflects the market in which they will sell their cattle. This best insures the market risk they face. For example, a Saskatchewan producer that operates in close proximity to the Alberta border, and markets cattle at an Alberta auction market, may choose to insure his feeder cattle using the Alberta LPI-Feeder option rather than that of Saskatchewan/Manitoba. If a producer chooses to insure under an index outside of the province they will sell their livestock in, the producer may not receive the indemnity that best relates to the cash market decline experienced while selling cattle (leaving himself open to additional market risk).