Producers share stories how SCIC program work together for their farms

360 Coverage

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Program Overview

Coverage is based on a number of market-driven factors and reflects a forecasted price (including currency and basis) over the length of the policy.

Producers pay a premium to receive forward price coverage. If the market falls below the coverage purchased (floor price) in the final four weeks of the policy, LPI will pay the difference. If the market is above the coverage purchased, producers can benefit by selling livestock into the higher market.

Settlement of the insurance is based directly on Western Canadian cattle/hog markets, not on an individual producer's actual sales. Settlement indices are calculated weekly for the cattle products and monthly for the hog product. The settlement prices are designed to reflect current Western Canadian prices.


LPI for calves is intended for calves born in the spring and sold in the fall. Producers can tailor coverage by purchasing price insurance from February to June for intended marketing from September to February.



LPI for feeder cattle is intended for backgrounded animals. Producers can tailor coverage to their operation by purchasing price insurance for intended marketing year-round.



The LPI Fed program is intended animals intended for slaughter and expected to Grade A or better. Coverage offered directly reflects the fed cattle market and can be purchased year-round.



LPI for Hogs was developed with the aim of enhancing Western Canadian hog producers’ ability to manage price volatility in the market. LPI offers a risk management alternative to futures and options, with a highly transparent, fixed cost to the producer.