Western Livestock Insurance Program asking people who purchased calf price insurance to check their policy

Factors beyond your control can wreak havoc on markets and impact a producer’s bottom line.

If you purchased calf price insurance through the Western Livestock Price Insurance Program this spring, you may want to check your policy to determine if you’re in a claim position.

The program provides producers with a way to manage price risk in the marketplace, for their calves, feeder cattle, fed cattle and hogs.

Over the last three years, the WLPIP program has paid out over $12 million to Saskatchewan producers who purchased price insurance.

The program continues to grow with producers insuring over 22% of this spring’s marketable calf crop in the province, the highest amount since the program started in 2014.

If you purchased calf price insurance at the Spring settlement prices for your claim will occur throughout the fall.

Producers need to monitor the settlement prices during their claim window and decide whether or not to make a claim.

The value of the Canadian dollar, Mother Nature, trade and food safety issues are out of producer control and can all have an impact on market prices.