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Livestock Risk Protection (LRP) Evaluation
Workshop Attended
Workshop Date
Name
Phone Number
Step 1
Goto www.rma.usda.gov/livestock
and click on the
Coverage Prices, Rates and Actual Ending Values Link at the bottom of the page.
Choose LRP
Enter the Date
Enter your State
Select Create Report
From the report enter the following;
Expected Ending Value
Coverage Price
Cost per CWT.
Step 2 - LRP Lamb skip step 2
Now go to www.beefbasis.com and select forecasting tools.
Enter the information on the calves you intended to sale and the expected sale date.
Click Run to activate the model
From the results enter the following;
Expected Cash Price
Confidence Interval for Expected Cash Price
Step 3
Based on this analysis will you consider purchasing LRP Insurance?
yes or no
Step 4
Press the Submit button at the bottom of the page
Update
Reset
Print
Submit