Managing Feeder Cattle Price Risk With LRP Insurance with Jay Parsons_mixdown

Feeder cattle prices can drop faster than any producer expects, and Livestock Risk Protection insurance is one tool for managing that risk. Jay Parsons, professor of agricultural economics and director of the Center for Agricultural Profitability at the University of Nebraska-Lincoln, joins the show to explain how LRP works for feeder cattle, why participation in Nebraska has climbed sharply in recent years, and how the program has changed for new and beginning producers under the One Big Beautiful Bill Act. Parsons draws on 21 years of tracking a single policy to show when the coverage pays off and when it doesn't.https://cap.unl.edu/news/lrp-feeder-cattle-insurance-recent-enhancement-and-performance-history/