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Protect your investment with LPI-calf insurance
February 17, 2023
LPI-calf insurance can help protect producers’ investment in their calf crop and give them peace of mind even as markets fluctuate. This easy-to-use risk management program is offered in the spring and covers the price risk cow-calf producers face when selling calves in the market. Producers can tailor coverage to their operation by purchasing price insurance for anticipated calf sales.
This market-driven program uses several factors to forecast future calf prices. During the policy purchasing period, the coverage offered is calculated three days a week using market data from each given day. Policies are available for purchase Tuesday, Wednesday and Thursday from 2 to 11 p.m. MT.
Calf policies are available for purchase until June 8, 2023 with expiry dates into February 2024.
We put so much planning into our operation, but markets can be so unpredictable. Farming in Canada has its challenges; it’s always good to have a plan to fall back on. Having protection to give peace of mind in the midst of uncertainty is crucial.
Making it easier
LPI has several features and resources for producers on its website LPI.ca
Understanding Premiums & Settlements: This new section explains the ins and outs of the premium tables and settlements. Look here for information on how to read a premium table and when to access your claim window.
Need Help: This section has valuable help resources, including How to Create an online LPI Account, How to Purchase an LPI Policy online, and How to Claim on an LPI Policy online.
LPI Workpad: This useful tool aids producers when making purchasing decisions. The workpad provides producers with the option to calculate up to three example purchases prior to making any purchasing decisions. It clearly communicates policy details for best decision-making practices.
Producers can purchase Livestock Price Insurance every Tuesday, Wednesday or Thursday from 2 to 11 p.m. MT. Claims can be made on Mondays between 2 and 11 p.m. MT. If you require assistance, please contact your provincial LPI office.