Livestock Price Insurance
No fixed amount
Insurance
Description:
Livestock Price Insurance (LPI) is a business risk-management program where producers purchase price protection on livestock in the form of an insurance policy. LPI is available in British Columbia, Alberta, Saskatchewan, and Manitoba and provides producers with protection against unexpected drops in prices over a defined period of time.
Comments on Funding:
Continuous Intake
Eligibility:
Applicants must:
1. File farm income taxes in British Columbia, Alberta, Saskatchewan, or Manitoba; or if one of these provinces is the province for which the greatest amount of income would be reportable under the Income Tax Act (Canada) for Eligible Livestock.
2. Be the owner of the livestock.
3. Be the age of majority.
Application Steps:
Applicants must:
1. enrol in LPI with no obligation to purchase a policy.
a. Visit LPI.ca and click on ‘Apply Now’ to start the enrolment process.
2. Register for weekly premium and settlement emails.
a. This information allows producers to be responsive when making timely risk
management decisions. Sign up: https://go.email.lpi.ca/l/898011/2021-01-20/34j3
3. Create an online account.
a. This allows the producer to conduct LPI business online. Visit LPI.ca and click
on login. Producers can create a new account or login as an existing member
4. Review the weekly premium table and settlements
a. Producers can learn how premium tables are calculated and how data is collected
when establishing settlement values.
Documentation Needed:
Applicants must submit LPI forms
Other Things to Note:
About the author
Maurice
