Cattle producers granted extended deadline to purchase calf price insurance
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LACOMBE, AB. — The deadline to purchase calf price insurance, from Western Livestock Price Insurance (WLPIP) has been extended beyond May 28 to June 18.
Due to ever-changing circumstances surrounding the COVID-19 pandemic, the extension gives producers an additional three weeks to monitor premiums and purchase calf price insurance policies.
Cattle prices, like other stock and investments, fluctuate and have a financial impact on the Canadian economy. The pandemic has caused increased volatility in cattle prices, and the extension will allow producers more time to evaluate purchasing days.
It should be noted, the extension only applies to the spring’s purchasing period. All calf price insurance for fall settlement dates remain the same.
