The Western Cattle Price Insurance Program (WLPIP) for Calves is available between February 4 – June 18, 2020. Producers can tailor coverage to their operation by purchasing price insurance for intended marketings from September to December.
The Western Cattle Price Insurance Program (WLPIP) for calves is an easy to use risk management tool that provides beef producers the ability to manage price risk. WLPIP – Calf is designed for the cow – calf producer to purchase coverage from February to May each year, with policies expiring during the fall calf run from September to December.
Cow calf producers are typically ‘price takers’ when selling calves, with prices varying greatly year to year due to many factors impacting the market. Having a tool available to help protect against the ‘unknowns’ of the fall calf market and associated price volatility can assist a producer with being more profitable.
WLPIP is designed to be market driven tool, helping Western Canadian producers manage their risk.