Reading Time: < 1 minute The price insurance program has adopted a shorter handle as part of an effort to “expand awareness and enrolment.” Formerly called the Western Livestock Price Insurance Program, it is now just called Livestock Price Insurance and has a revamped website. Despite the name change, the program is only for producers in Western Canada. Last year, […] Read more
Just call it LPI for short
Cattle producers urged to consider insurance
Reading Time: < 1 minute Agriculture Financial Services Corporation has extended the purchase deadline for Western Livestock Price Insurance Program (WLPIP) calf insurance until June 18. With the recent market volatility, Alberta Beef Producers is strongly encouraging its members to consider purchasing insurance to protect prices in the fall. Producers should be monitoring premiums and coverage levels for both calf […] Read more
Crop and calf insurance premiums are down this year
The cost of crop insurance is nine per cent lower, although where you live and what you grow makes a difference
Reading Time: 2 minutes Most crop producers will see lower crop insurance premium rates this year, says the Agriculture Financial Services Corporation. And cow-calf producers will see reduced premiums for the Western Livestock Price Insurance Program, too. On average, 2019 crop insurance premium rates are nine per cent lower than last year, AFSC said in a news release. It […] Read more
New version of cattle cash advance program
Reading Time: < 1 minute Agriculture and Agri-Food Canada recently announced a new version of cash advances for cattle using coverage under the Western Livestock Price Insurance Program (WLPIP). Under the Advance Payments Program, producers can receive up to $400,000 in advances with the interest on the first $100,000 paid by the government. Advances can be obtained on calves, feeders, […] Read more
Drilling down into the livestock price insurance program
The futures price, basis, and exchange rate are part of the equation, but a producer’s situation is also key
Reading Time: 3 minutes Editor’s note: One of the producer questions for the April 28 edition — on the Western Livestock Price Insurance Program — took some additional investigation by reporter Alexis Kienlen. Vermilion cattle producer Sean McGrath asked, “I understand the risks that WLPIP is covering — futures price, basis, and exchange rate — but what goes into […] Read more
An example of calf insurance
Reading Time: < 1 minute The Western Livestock Price Insurance Program is basically the same as buying put options on the Chicago Mercantile Exchange feeder cattle futures. However, this program offers a price in Canadian dollars and also provides a basis for the local region. Producers should know their costs to determine how much coverage they need. Here’s a basic […] Read more
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