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Cattle Boards
NCBA, R-CALF, COOL, USDA (No Politics!)
Livestock Risk Protection
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<blockquote data-quote="Stocker Steve" data-source="post: 1697440" data-attributes="member: 1715"><p>If you are leveraged, or you can not absorb a black swan event (the beef industry now seem to have one every year...), then LRP is probably a good idea. Sell-buy guys say they do not need it.</p><p></p><p>I think one reason LRP is used so much less than crop insurance is how the premium cost and the protection level change every afternoon. An averaging approach is to buy it for a periodically for a percentage of your cattle, as long as the level is above your price goal, till all the cattle are all covered. Say 25% once per week.</p><p></p><p>Your idea of giving the agent target(s) could make price volatility your friend. Let us know how it works out.</p></blockquote><p></p>
[QUOTE="Stocker Steve, post: 1697440, member: 1715"] If you are leveraged, or you can not absorb a black swan event (the beef industry now seem to have one every year...), then LRP is probably a good idea. Sell-buy guys say they do not need it. I think one reason LRP is used so much less than crop insurance is how the premium cost and the protection level change every afternoon. An averaging approach is to buy it for a periodically for a percentage of your cattle, as long as the level is above your price goal, till all the cattle are all covered. Say 25% once per week. Your idea of giving the agent target(s) could make price volatility your friend. Let us know how it works out. [/QUOTE]
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NCBA, R-CALF, COOL, USDA (No Politics!)
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