Plains Risk Management (PRM) is a licensed insurance agency specializing in risk management around livestock and agriculture production. We provide sound agriculture risk management products throughout the country. We specialize in cattle and beef markets.
Livestock Risk Protection (LRP) is a federally sponsored risk management product like, but not equal to, commodity put options. LRP allows producers to establish a price floor while having upside potential between the time of purchase and the time of sale. LRP does not require a commodity account or broker, there is a premium cost, but that premium is not paid until the end of the coverage.
There are many risks associated with agriculture production. The ability to minimize or even eliminate some of these risks boosts efficiency and sustains the overall prosperity of the business. LRP provides a tool that is organized in a similar format to an insurance policy and commodity options. These tools allow minimum or maximum coverage and are subsidized by the federal government to provide access and affordability across any operation.