Canadian Agricultural Partnership. Western Livestock Price Insurance Program (MB)
“Manitoba. Manitoba Agricultural Services Corporation”
The funder does not disclose this information
Maximum Eligible Amount
Government Grant
Fund Type
The Western Livestock Price Insurance Program (WLPIP) provides livestock producers with a range of coverage options to help manage price risk. The program provides an insurable 'floor' price on cattle and hogs for livestock producers in Manitoba.
- Livestock Price Insurance is a simple risk management tool that allows producers to purchase price protection on cattle and hogs in the form of an insurance policy. Producers purchase coverage for one up-front premium on a 'floor price' for livestock. Coverage is based on the market-driven factors, and settlement of policies is based directly on average Western Canadian cattle/hog markets (not on the individual's selling price). The insured 'floor price' protects against the market being lower than the insured price when the policy expires. If the market goes above the insured price, producers can still sell livestock for that higher price.
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