Join LPI as we dispel common myths and answer important questions about the Livestock Price Insurance program. Now that calf policies are available for 2025, it’s the perfect time to learn more about LPI.

Question: What is the purpose of the LPI program?

Livestock Price Insurance is a business risk management program where producers can purchase price protection on cattle and hogs in the form of an insurance policy. The program allows producers to take control and effectively manage their risk against unforeseen market price events impacting price, currency, and basis. LPI is the only tool in Canada that covers all three risk factors producers face.

LPI offers peace of mind by protecting your livestock against unknown market fluctuations. Producers pay a premium to receive forward price coverage. If the market price falls below the insured index (also known as the coverage price), LPI will pay the difference to compensate the producer for the loss. If the market price rises above the coverage price, the producer can benefit by selling livestock in a rising market. The program covers producers for declining price movements but does not limit the upwards price movement potential.

Join Brenda as she discusses the purpose of the program.

If you have questions or would like more information on Livestock Price Insurance, please contact your provincial Livestock Price Insurance office.