The Western Livestock Price Insurance Program’s (WLPIP) calf coverage deadline is May 28, 2015.
WLPIP is a risk management program, allowing producers to pay a premium for forward price coverage. Should market price fall below their coverage level for their time frame, the producer will receive a payment.
It all sounds pretty straightforward, but deciding what coverage level to purchase, and even understanding why the numbers fluctuate so much, can be a bit of a challenge. So, with the looming deadline in mind, I headed to the Agriculture Financial Services Corporation (AFSC) office in Lacombe to talk to WLPIP’s product coordinator, Brenda Hagen.
In this episode of Ruminating with RealAg, we cover everything from “what is WLPIP?” and “how do I decide which level to buy?” to “what will happen if there is a change in the federal government?“ and “is the program self-sustainable?”
For more information about the program, head on over to www.wlpip.ca.