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Livestock Revenue Protection
What is LRP? A government subsidized program that allows you to pay an insurance premium to have a floor price under cattle and still have the top side open should prices go higher.
Price protection is offered on fed cattle and feeder cattle as well as swine and sheep. Once an LRP application is approved, specific groups of hogs, lambs, or cattle can be insured. The owner selects the time period and the level of protection desired. Premiums are subsidized 13 percent by the USDA, and are due when the guarantee is established.
**Lamb coverage is now reinstated at this time.
LRP offers some very unique advantages to the upper Midwest cattle producers. Check with one of our agents for more details on this exciting program.
Heartland Financial Services, Inc. Locations
Highmore Office
PO Box 219
Highmore, SD 57345
(605) 852-2177
Wessington Office
PO Box 165
Wessington, SD 57381
(605) 485-2255
Huron Office
PO Box 15
Huron, SD 57350
(605) 554-1044
Tulare Office
PO Box 210
Tulare, SD 57476
(605) 596-4123
Redfield Office
PO Box 40
Redfield, SD 57469
(605) 475-5550