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February 25, 2021 Business Tools

Enhancements to Livestock Price Insurance

As a result of industry feedback, producers will now have additional time to make policy purchases and claim settlements on all Livestock Price Insurance (LPI) programs. Going forward, purchase hours on Tuesday, Wednesday and Thursdays are available from 2-11 p.m. MT. Settlement hours on Mondays are now offered from 2-11 p.m. MT. Producers can visit lpi.ca during these extended hours to conduct their LPI business.

In addition, the LPI – Calf program has permanently extended its deadline to purchase insurance into June and is now offering settlements in January and February. Purchase dates in 2021 are now available until June 10, 2021 and expiry dates will be available until February 21, 2022. This change will fulfill a risk management gap that was experienced by producers and provide producers who calve in late spring, summer or fall with additional opportunities to participate in the program that better suits their operational needs.

For more information about Livestock Price Insurance, visit lpi.ca

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Livestock Price Insurance Index

Expiry Fed Feeder Calf
20-Feb 192 226 -
20-Mar 194 228 -
17-Apr 200 230 -
15-May 202 238 -
12-Jun 206 248 -
10-Jul 202 - -
7-Aug 202 246 -
Last Updated on November 24, 2022