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Sources Jacob Hefley on Muck Rack

Sources Jacob Hefley

As seen in: Feedlot Magazine
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Updates to Livestock Risk Protection Insurance

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By Ryan Milhollin, Ben Brown, Sources Jacob Hefley
| Feedlot Magazine Verified
University of Missouri Extension Livestock risk protection (LRP) insurance offers producers a way to manage risk associated with declining livestock prices (Figure 1 shows the historical trend for feeder cattle future prices). It does not protect against other perils such as disease or death. The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) administers LRP insurance products.
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