The Western Cattle Price Insurance Program for fed cattle is an easy to use risk management tool that provides beef producers with protection against price risk, currency risk and basis risk. Producers pay a premium up front in order to purchase WCPIP protection. WCPIP – Fed coverage is available for fed cattle intended for sale 12 to 36 weeks from the date of purchasing the coverage.
Western Cattle Price Insurance takes the difficulty out of managing all three risks that producers face (price, currency and basis) and combines them into one product. WCPIP directly reflects the risk of Western Canadian cattle prices and fills this gap in price risk management.