Livestock Risk Protection (LRP) Insurance for North Dakota Producers
Protect Cattle Prices with Livestock Risk Protection Insurance
Livestock Risk Protection (LRP) is a federally subsidized insurance program that protects ND ranchers and feeders from sudden drops in cattle prices. LRP lets you lock in a minimum price for your feeder or fed cattle sales-so if the market falls, you're covered, but if prices rise, you still capture the upside. It's risk management for price, not for animal health or mortality.
Simple Price Risk Insurance-No Hedging or Trading Required
Set a Price Floor
You choose the coverage price (level), coverage period (end date), and number/class of livestock to insure.
Choose Coverage That Fits Your Sale Plans
Pick coverage to match your marketing window-aligned with when you expect to sell or deliver your cattle.
Payment Trigger
If the national cash price at the coverage end date is below your insured price, LRP pays the difference for your covered head.
No Complicated Contracts
No need for commodity accounts or margin calls-just agent-guided setup, paperwork, and policy management.
Coverage That Matches Your Cattle Marketing Calendar
Feeder Cattle Sales
Set price protection for calves or feeders headed to auction or private sale.
Volatile Markets
Use LRP during high market uncertainty or before major sale periods.
Flexible Coverage
LRP is available year-round; you can insure small or large groups as needed, as long as you enroll before ownership or marketing deadlines.
Gateway Insurance helps you align LRP policies with your actual sale dates and marketing plan.
Key LRP Decisions & Payment Triggers
Coverage Level (Insured Price)
The price floor you want to lock in.
End Date
Matches your planned sale/delivery.
Class/Type
Feeder cattle, fed cattle, swine, lambs, etc.
Head Count
Number of livestock to cover.
Payment: If the actual ending value (as reported by USDA) is below your insured price at expiration, you receive the difference per head. If prices stay high, you simply sell at market.
Frequently Asked Questions
How does LRP insurance work for feeder cattle?
You select head count, coverage price, and end date-if the national cash price drops below your insured price when you sell, you get paid the difference.
Does it cover death loss or production losses?
No-LRP is strictly for market price risk. It doesn't cover mortality, disease, or production costs.
Is LRP the same as hedging or futures trading?
No-LRP is insurance, not a market position. It's less complex and has no margin calls or daily mark-to-market.
Does it work for hay in North Dakota?
Yes-PRF applies to both grazing and hayland, covering most forage types grown in ND.
How far ahead do I need to plan?
Policies must be purchased before the end of the day for the next market open, and before livestock ownership or sale transfer. Gateway will guide you on timing
Can I get LRP insurance near Bismarck?
Yes-Gateway serves all central and western ND, with local agents who understand your marketing and sale windows.
Price Protection Without the Headaches
Gateway Insurance will explain options, help pick coverage to fit your marketing plan, and answer questions quickly-so you can focus on running your operation, not watching the market tick by tick.