What if you could insure calf price against catastrophic price drops? LRP puts a price floor under feeder calves, paying for the difference between an insured calf price and the Chicago Mercantile Exchange feeder cattle index value for a selected marketing date. This episode with Jack Field and Clay Worden continues our series in ranch financial health with a deep dive into LRP mechanics.

Find resources mentioned in this episode as well as the transcript at https://artofrange.com/episodes/aor-97-livestock-risk-protection-insurance-jack-field-clay-worden