Updates to Livestock Risk Protection Insurance Give Producers More Flexibility

Oct 31, 2025

Livestock producers now have more flexibility under recent updates to USDA’s Livestock Risk Protection (LRP) program, which helps safeguard against unexpected price declines in feeder cattle, fed cattle and swine markets, says Jacob Hefley, University of Missouri Extension field specialist in agricultural business.

LRP is a federally administered insurance program that allows producers to establish a price floor for their livestock while still benefiting from potential market gains. Policies are sold year-round through approved insurance agents and are designed to provide peace of mind in volatile markets.

Examples of the new changes include expanded eligibility for forward-contracted animals, new coverage options for cull dairy cows marketed for beef and a drought hardship exemption that allows feeder cattle sold early to remain eligible for indemnity when qualifying drought conditions occur.

Source : missouri.edu

Video: What If Everything You Knew About Feed Inventory Was Wrong?

AI, Agriculture & the Future of Smart Farming with BinSentry CEO Ben Allen. Every day, livestock producers make thousands of dollars' worth of decisions based on one simple question: How much feed is actually left in the bin? For decades, the answer has often been an estimate.

In this episode of AgTech with Andrew, I sit down with Ben Allen, CEO of BinSentry, to explore how artificial intelligence, machine vision and real-time data are transforming one of agriculture's most overlooked challenges—feed and grain inventory management.
We discuss why some of the biggest inefficiencies in livestock production aren't happening in the barn, but throughout the feed supply chain. Ben shares insights from his career leading agricultural technology companies, explains why AI must solve real business problems to earn producer trust, and offers his vision for the connected farm of the future.

In this interview, you'll discover:
Why feed inventory has remained one of agriculture's biggest blind spots
How AI is reducing costly feed outages, waste and unnecessary deliveries
The hidden safety risks of traditional bin inspections
What separates successful ag technologies from those that never gain adoption
How connected farms are changing decision-making for producers, feed mills and integrators
Why real-time inventory may become as important as precision planting and autonomous equipment

Whether you're a livestock producer, grain farmer, feed manufacturer, ag retailer, nutritionist or simply passionate about the future of agriculture, this conversation offers valuable insights into where the industry is headed.