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Livestock Price Insurance Enhancements

February 16, 2021

As a result of industry feedback, producers will now have additional time to make policy purchases and claim settlements on all Livestock Price Insurance (LPI) programs.

Going forward, purchase hours on Tuesday, Wednesday and Thursdays are available from 2 p.m. to 11 p.m. MT. Settlement hours on Mondays are now offered from 2 p.m. to 11 p.m. MT. Producers can visit lpi.ca during these extended hours to conduct their LPI business.

In addition, the LPI – Calf program has permanently extended its deadline to purchase insurance into June and is now offering settlements in January and February. Purchase dates in 2021 are now available until June 10, 2021 and expiry dates will be available until February 21, 2022.

This change will fulfill a risk management gap that was experienced by producers and provide producers who calve in late spring, summer or fall with additional opportunities to participate in the program that better suits their operational needs.

To register a claim or purchase a policy, producers can contact their provincial LPI office.