Livestock Price Insurance
The Western Livestock Price Insurance Program (WLPIP) is a risk management tool, allowing producers to purchase price protection on cattle and hogs, in the form of an insurance policy. Available in British Columbia, Alberta, Saskatchewan and Manitoba, the program provides producers with protection against an unexpected drop in prices over a defined period of time.
WLPIP is built on the experience and expertise Alberta has gained since initiating livestock price insurance in 2009. In 2012, all four western provinces with the federal government analyzed the potential for expanding the program to all Western producers. It was determined all Western producers would benefit from access to this risk management program and there were considerable cost savings and efficiencies to be gained by expanding Alberta’s existing program to the other provinces.
Agriculture Financial Services Corporation (AFSC) administers the Western Livestock Price Insurance Program for the province of Alberta. AFSC staff can guide you through the program’s benefits and help you pick the coverage that is best for your risk tolerance and financial goals.
Every type of beef operation faces price, basis and currency risk, however based on the product being produced and marketed the producer is impacted differently by each.Learn More
Hog price insurance is designed to provide producers with protection against declining hog prices.Learn More
Frequently Asked Questions
Volatile market prices along with basis and the Canadian dollar all influence the financial return to a livestock operation and can be hard to manage. WLPIP is designed to reduce the financial risk to producers in Western Canada and protect against market unknowns.