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Posts by category

• Category: News
  • 2023 year in review and 2024 outlook
  • Change strengthens Fed settlement data collection
  • Protect your investment with LPI-calf insurance
  • Update: Compatible Internet Browsers for myLPI Online System
  • Calf season opened February 1
  • Producers have marketing options even in dry conditions
  • Livestock Price Insurance Enhancements
  • New look, same trusted program that works
  • Calf season opens February 2
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FAQs

• How did Livestock Price Insurance Begin?
• What is the best way to utilize Livestock Price Insurance?
• How can I best make the program work for me?
• Why is it important for producers to have coverage, even in above average markets?  
• Why do LPI premiums fluctuate?
• If I purchase a policy and notice the coverage is better the next day, can I “roll up” my coverage? 
• What if the market drops significantly during my policy, due to a border closure or pandemic? What happens to the policies I currently hold and will I be able to purchase coverage during this crisis?  
• If some of my animals die, is my policy adjusted?
• Will I be able to use LPI to insure my breeding livestock (cows/bulls, sows/boars)?
• Are the insurance premiums subsidized like those in crop insurance?
• All producer premiums go into a general fund to pay indemnities. What happens if the payout for indemnities exceeds what is in this fund?
• How do I know which policy and expiry date is best for me?
• Can I insure cattle on a different program if already currently insured?
• Does the program utilize what my animals were sold for in the settlement?
• Why are there two regional coverage options for LPI-Calf and LPI-Feeder?  
• 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?  
• What happens to my policy if I sell my cattle earlier than my eligible claim windows or decide to retain ownership?
• If I have 75 animals to sell, can I insure 100? Can I insure 50?  
• When does my claim window start?
• LPI settlements for Feeder and Calf are derived from steer data only, are heifers still insurable?
• Why are calf policies not sold year-round?
• I am buying replacement heifers to breed, can they be insured? 
• How do I insure the light-weight calves in the fall that I have just purchased and am wintering to take to grass?  
• How does the slide to calculate the LPI-Feeder settlement index work?  
• Why should I voluntarily report my fed cash prices?
• Why is there no claim window for LPI-Hog?  
• Why are there three coverage options for LPI-Hog?  
• How do I choose between the different coverage areas in LPI-Hog? And, can I choose one based solely on the fact it has higher coverage and/or lower premium?