LRP Insurance Available to Help Cattle Producers Manage Risk Tuesday May 11th, 2021 Cattle futures have been getting hammered lately on the sharply higher corn prices. And that has a lot of cattlemen and women talking about how they can manage risk and protect their bottom line. Shawn Fladager is the branch manager for Northwest Farm Credit Services in Great Falls, Mont. and says there’s a risk management tool available called Livestock Risk Protection insurance that can help. "The Livestock Risk Protection (LRP) has been around for over a decade now," said Fladager. "It's a tool that has been available and offered by the Risk Management Agency, which is the governing body of crop insurance. It's a tool that you can use to help hedge the market for lack of a better term. If cattle futures have a sharp fall at the Chicago Mercantile Exchange, this program is designed to help protect producers from that."