How much funding can be received?

There is no informations about how much funding can be received.

What is the deadline to apply?

The program is accepting continuous intake

Who are the financial supporters of the Livestock Price Insurance Program?

Livestock Price Insurance Program is funded by Livestock Price Insurance Program (LPI)

What are Livestock Price Insurance Program's eligibility criterias?

The applicant must be a livestock producer. The applicant must be located in a Canadian province that offers the Livestock Price Insurance Program. The applicant must use a compatible browser for online transactions, such as Google Chrome, Microsoft Edge, or Mozilla Firefox.

Livestock Price Insurance Program

grant_single|update January 24, 2025

Canada

Protection against decreases in livestock prices in western Canada

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grant_single|deadlines

grant_single|openingDate July 9, 2024
grant_single|closingDate July 9, 2024

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Grant and Funding

grant_single|eligibleIndustries

Agriculture, forestry, fishing and hunting

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Livestock Price Insurance Program (LPI)

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Protection for farmers against decreases in cattle and hog prices in Manitoba, Saskatchewan, Alberta and British Columbia.

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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

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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.

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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.

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The grant context does not explicitly mention any types of companies that are not eligible for this grant.

nothing

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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