Livestock Price Insurance Strategic Review

The Vendor is required to provide professionals to complete a strategic review third-party assessment of Livestock Price Insurance (LPI).
- Livestock Price Insurance is a market-driven program that allows livestock producers to purchase protection from unpredictable downward moves in the cash market for fed cattle, feeders, and calves.
- The program is a market based risk management tool for producers that is voluntary to participate in and is producer funded.
- Goals of the review are to assess how the program is performing against the program objectives by:
• Examining trends in loss rates and participation
• Reviewing administrative efficiency
• Assessing the program’s long-term sustainability and producer behavior.
• Evaluating alignment of current program design with future direction.
- The future of the program is not certain past March 31, 2028, thus review of what success looks like for clarity on going forward decisions is paramount.
- Identify any product enhancements that creates a weakness in the current program due to evolution in the marketplace/industry.
- Deliver a high-level overview of loss rate trends and determine if they align to current market conditions
- Provide analysis on why current market conditions are not aligned with current program design
- The analysis shall be based on available program data and supplemented, where appropriate, by qualitative insights (e.g., stakeholder feedback, industry perspectives).