Weather Volatility and Declining Prices Highlight the Growing Need for Livestock Risk Protection

Brooks York with AgriSompo joined us to break down livestock protection coverage, market timing, and how producers can access risk management tools.

CARMI, Ill. (RFD NEWS) — Livestock often takes a back seat to row crops when it comes to insurance coverage discussions, but recent consolidation in the sector is prompting renewed attention on risk management tools for producers.

Brooks York with AgriSompo joined us on Tuesday’s Market Day Report to discuss Livestock Risk Protection (LRP) options and how producers can better understand available coverage in today’s market.

In his interview with RFD News, York explained the basics of how LRP works and how it is designed to help producers manage risk in an evolving industry. He also addressed whether this type of coverage is limited to larger operations or accessible to a wider range of producers.

York further discussed current livestock market conditions, noting sustained strong prices across much of the sector, and explained when the sales season typically begins. He also outlined how producers can learn more about available livestock protection options and connect with providers.

Related Stories
The Nevada cattle operation continues focusing on sustainable land management for future generations.
Lawmakers advance FY27 agriculture funding bill, highlighting support for rural development, school lunches, disease response, and water issues.
Dr. David Anderson says lean beef demand and lighter cow culling are still giving cull cow prices room to push higher.
The inverted Choice-Select spread is not a strong warning sign in today’s tighter, higher-quality beef market, according to new analysis from Terrain.
Based on USDA data compiled by the U.S. Meat Export Federation, pork exports increased by six percent in March compared to the previous year, while beef exports weakened overall.
Genevieve Collins from Americans for Prosperity discusses rising Texas property taxes, potential relief, and impacts on farmers, ranchers, and rural communities.

Marion is a digital content manager for RFD News and FarmHER + RanchHER. She started working for Rural Media Group in May 2022, bringing a decade of digital experience in broadcast media and some cooking experience to the team.

LATEST STORIES BY THIS AUTHOR:

NAAA’s Andrew Moore joins us to discuss the role of ag aircraft in crop protection and emerging concerns surrounding stolen agricultural drones.
To celebrate the release of A Beautiful Life, Dailey & Vincent are giving one fan the chance to win an unforgettable Nashville experience!
Dr. Peter Beetham with Cibus joins us to discuss the Supreme Court review of a case about glyphosate use, its potential impact on Bayer and Roundup, farmers who use the products, and the ag industry as a whole.
Meredith Petersen joined us to discuss the National Swine Health Strategy, how it was developed through industry collaboration, potential challenges ahead, and its expected benefits for pork producers.
K-State researchers advise producers to take action, highlighting that prevention is essential for controlling tick populations as cases spread West.
Shaun Haney joined us to discuss rising concerns over farmland ownership in Canada, actions being considered by provinces and farm groups, and the potential impacts of tighter regulations.