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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.