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Livestock Price Insurance Program
Canada
Protection against decreases in livestock prices in western Canada
grant_single_labels|summary
grant_single|eligibleFinancing
- grant_single|noCondition
grant_single|deadlines
- grant_single|openingDateJuly 9, 2024
- grant_single|closingDateJuly 9, 2024
- grant_single|grantStatusClosed
grant_single|financingType
Grant and Funding
grant_single|eligibleIndustries
- Agriculture, forestry, fishing and hunting
grant_single|grantors
- Livestock Price Insurance Program (LPI)
grant_single|status
grant_card_status|closed
grant_single_labels|preview
Protection for farmers against decreases in cattle and hog prices in Manitoba, Saskatchewan, Alberta and British Columbia.
grant_single_labels|projects
grant_single|admissibleProjectsExample
$ 30,000
Implementing a Cattle Price Insurance program for a cooperative farm
$ 25,000
Launching a Hog Price Insurance program for a family-owned farm
$ 50,000
Launching a comprehensive Hog Price Insurance program for a farm cooperative
$ 30,000
Introduction of a Fed Program for fed cattle price insurance at a ranch in Fort St John
$ 40,000
Implementing a Feeder Program to protect against feeder cattle price decreases
$ 35,000
Developing a Calf Program to stabilize calf prices for a cooperative
grant_single_labels|admissibility
Eligibility for the Livestock Price Insurance (LPI) program requires producers to meet general and product-specific criteria.
- 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.
- Be the owner of the livestock.
- Be the age of majority.
- Calf: Be able to provide proof of calf ownership for 60 continuous days throughout the policy.
- Feeder: Be able to provide proof of cattle ownership for 60 continuous days throughout the policy.
- Fed: Producers need to finish the fed cattle in western Canada for the final four-week period immediately prior to the claim window.
- Fed Cattle Price Reporting: Participation is voluntary and available to all beef producers finishing cattle in British Columbia, Alberta, Saskatchewan or Manitoba. Producers do not need to be current LPI program subscribers.
- Hog: Be able to provide proof hog ownership for 20 continuous days throughout the length of the purchased policy.
grant_eligibility_criteria|who_can_apply
The information provided does not give specific details about the evaluation and selection criteria for projects under this grant, nor does it specify who can apply.
grant_eligibility_criteria|who_cannot_apply
The grant context does not explicitly mention any types of companies that are not eligible for this grant.
- nothing
grant_single_labels|register
Here are the steps to submit an application for this grant:
- Step 1: Check System Requirements
- Ensure you are using Google Chrome, Microsoft Edge, or Mozilla Firefox for the best experience.
- Step 2: Existing Client Login
- If you are an existing LPI client, log in to the MYLPI portal.
- Step 3: New Client Registration
- If you are new to LPI, visit the "Forms" area on their website.
- Alternatively, contact your provincial LPI Client Contact Centre for assistance.
- Step 4: Stay Informed
- Sign up for LPI Premium & Settlement emails to receive updates.
- Check the calendar for insurance premium and settlement dates to ensure timely actions.
grant_single_labels|otherInfo
The Livestock Price Insurance (LPI) Program is a business risk management initiative designed to provide livestock producers in Western Canada with protection against unexpected price drops in cattle and hogs. Participation is voluntary, and coverage details for calf, feeder, and fed cattle, as well as hogs, are provided with specific eligibility requirements and settlement indices influenced by market data.
- LPI policies can be purchased every Tuesday, Wednesday, and Thursday from 2:00 p.m. to 11:00 p.m. MT
- There are specific product offerings related to calfs, feeders, fed cattle, and hogs
- The LPI program includes weekly premium and settlement indices updates
- Additional protection includes advance payment programs, with options to borrow interest-free money on livestock already owned
- Fed Cattle Price Reporting allows producers to voluntarily report cash prices to benefit settlement indices
- Eligibility requires producers to file farm income taxes in the western provinces (BC, AB, SK, MB) and be the owner of the livestock
- Producers must manually manage claims within the first three weeks of the claim window
- Data sources include auction markets, electronic sales, and Canfax reported data to reflect market conditions
grant_single_labels|contact
1.844.782.5747
