Livestock Price Insurance Program

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.

Who is eligible?

Who is not eligible

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

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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