August 17, 2007
August 17, 2007 - What is Livestock Risk Protection-Lamb (LRP-Lamb)? This is just one of the many questions that are answered in the newly created online educational course posted on www.sheepusa.org
, the American Sheep Industry Association's (ASI) Web site. The course can be accessed from the home page by clicking on the LPR-Lamb graphic.
As the owner of the product, ASI takes its responsibility seriously to educate the sheep and insurance industries on this new product. This product is designed to insure against unexpected price declines in the lamb market. The interactive course allows users to work through scenarios that assist with the decision to purchase insurance.
A sample premium calculator has been included within the course providing an easy tool for comparing costs associated with coverage length (13-week, 26-week or 39-week) and coverage levels (from as much as 95 percent to as low as 80 percent).
ASI executive director, Peter Orwick, encourages producers and feeders to visit the ASI Web site and review the details of this risk management program.
"There is a great deal of positive interest in the country on this insurance, and the Web site is a very efficient way to provide information to thousands of sheep operators as the first sale date approaches," commented Orwick.
LRP-Lamb will be available for purchase on Monday, Sept. 17, 2007, in the 27 states covered in the pilot program. Producers should contact an approved insurance agent to purchase this coverage.