Livestock Price Insurance
This insurance offers protection against an unexpected drop in prices over a defined period of time. Livestock producers can purchase price protection on cattle and hogs in the form of an insurance policy. Coverage is based on a number of market driven factors and can be managed on-line.
The Livestock Price Insurance Program is available in British Columbia, Alberta, Saskatchewan and Manitoba.
Cattle price insurance
Producers have the option of insuring calves, feeders, or fed cattle. Coverage is based on market price forecasts. With a minimum weight of only 100 pounds to participate, producers can choose to insure any portion of their cattle inventory. Producers can choose from a range of policy lengths and coverage levels so their insurance policy coincides with cattle marketing timelines.
Hog price insurance
Hog price insurance offers coverage based on current market conditions. Producers decide on the level of coverage, policy length and the amount of weight to insure. Settlement is based on the monthly average price of hogs sold in several Western Canadian markets.