LRP Coverage — Levels, Endorsement Lengths & What's Covered
LRP coverage is a federally subsidized price floor on cattle sold within a chosen window. You pick how much of the Expected Ending Value to insure (the coverage level) and how far out the protection runs (the endorsement length). This page walks through both and explains what LRP does and doesn't cover.
Coverage Levels (70%–100%)
The coverage level is the share of the Expected Ending Value you want to lock in. Higher coverage means a higher floor but a higher premium and a smaller subsidy share:
- 95–100% → 35% federal subsidy (most protection, most cost)
- 90–94.99% → 40% subsidy (most common choice)
- 85–89.99% → 45% subsidy
- 80–84.99% → 50% subsidy
- 70–79.99% → 55% subsidy (cheapest premium, lowest floor)
Endorsement Lengths (13–52 Weeks)
Endorsements run in fixed lengths: 13, 17, 21, 26, 30, 34, 39, 43, 47, and 52 weeks. Choose the length whose end date is closest to when you actually plan to market the cattle. Coverage that ends weeks before or after your sale exposes you to gap risk.
What LRP Coverage Does and Doesn't Do
Covered
- National price decline below your coverage price
- Indemnity paid automatically — no claim needed
- Eligible for federal subsidy + BFR/VFR bonus
Not covered
- Death loss, disease, theft
- Local basis (cash price vs. national settlement)
- Price rallies — you don't share in the upside
- Cattle you've already sold before endorsement end
Annual Coverage Limits
- Up to 25,000 head of feeder cattle per crop year
- Up to 12,000 head of fed cattle per crop year
- Endorsements can be layered across multiple sale dates within those caps
See your coverage options now
The calculator shows every available coverage level and endorsement length side by side for tonight's published rates.
Run a Live Coverage Quote →LRP Coverage FAQ
What does LRP coverage actually cover?
LRP coverage is a price-floor policy. It pays you the difference if the national Actual Ending Value at the end of your endorsement falls below your selected coverage price. It does not cover death loss, disease, theft, or local basis differences — only national price decline.
What coverage levels are available?
LRP coverage levels run from 70% to 100% of the Expected Ending Value in fixed steps. Higher coverage means a higher price floor but a higher premium and a smaller federal subsidy percentage. Most producers choose between 90% and 95%.
What endorsement lengths can I choose?
LRP endorsement lengths range from 13 to 52 weeks: 13, 17, 21, 26, 30, 34, 39, 43, 47, and 52 weeks. Match the length to when you expect to market the cattle — coverage ends near your sale date.
Can I have multiple LRP coverages at once?
Yes. You can layer endorsements across different cattle groups, different sale dates, and different coverage levels. Total insured head per crop year is capped (currently 12,000 head of fed cattle and 25,000 head of feeder cattle).
Informational only — confirm coverage limits and eligibility with a USDA-approved crop insurance agent.