Rachael Brooke, Phillips-Rooks District Extension Agent Agriculture and Natural Resources
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Price Risk Management for Cow-Calf Producers: Part 7
Cow-calf producers use various strategies to manage price risk, including futures and options. Livestock Risk Protection (LRP) is a type of livestock price insurance that typically costs less than a put option. LRP makes payouts (indemnities) that replace the income that is lost due to a price…
