Western Livestock Price Insurance Program

Cattle and hog producers in Western Canada have access to a new risk management tool to help withstand volatility in the market.

The Western Livestock Price Insurance Program (WLPIP) is a pilot program that allows cattle and hog producers to protect themselves against unexpected price declines. They can buy insurance coverage against price declines, but still benefit if livestock prices go up. Producers can choose from a range of coverage and policy options to help them manage price risk.

WLPIP is a collaborative program between the federal government and the Western Canadian provincial governments. Alberta’s Agriculture Financial Services Corporation (AFSC) is the central administrative body and the Manitoba Agricultural Services Corporation (MASC) delivers the program in Manitoba.

The federal and provincial governments will cover administration and delivery costs for the pilot WLPIP under Growing Forward 2’s AgriRisk Initiatives - Administrative Capacity Building. The federal government will also provide deficit financing for the pilot.

More information is available at MASC Insurance offices.

You can also visit the program website at www.wlpip.ca or call toll free: 1-844-782-5747. 


Resources

Livestock Price Insurance Cuts Risk for Producers. Manitoba's livestock producers have a new tool to manage risk and withstand market volatility with the Western Livestock Price Insurance Program (WLPIP). The program, new in 2014, allows Manitoba's beef and pork producers to insure their market livestock against unexpected drops in livestock prices.