LRP-Lamb Reports

LRP-Lamb is designed to insure against unexpected declines in market prices of slaughter lambs. Sheep producers may select 13-week, 26-week or 39-week insurance periods as well as coverage levels ranging from 80 percent to 95 percent of the expected ending value to correspond with their general feeding, production and marketing practices.

The Federal Crop Insurance Corporation publishes LRP-Lamb Reports on a weekly basis showing the number of policies sold as well as the number of head insured.