Weaned Calf Risk Protection

The Weaned Calf Risk Protection Insurance Program developed by AgriLogic Consulting in collaboration with Windmark Insurance was approved by the Federal Crop Insurance Corporation (FCIC) Board of Directors on August 18, 2022. This program is designed to provide beef cow-calf producers with federally subsidized revenue protection for their calves up to weaning age.

Given the far-reaching and significant economic impact of the cattle industry and the vulnerability of cattle producers to financial loss, an improved form of risk management is needed. The general structure for the coverage is similar to the widely utilized revenue protection insurance plans which have long been available for major commodity crops such as corn, soybeans, wheat, and cotton and includes both price and yield protection. Now that the program is available, producers will be able to purchase coverage from Approved Insurance Providers (AIPs). The initial sales closing date is January 31, 2024.

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  • Module 1: Industry & Program Overview

    To kickoff the training series, this first module will give a general overview of the beef cattle industry and highlight the key components to the WCRP Program.

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  • Module 2: Commodity Provisions

    Several components that are detailed in the WCRP policy are covered in this module.

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  • Module 3: Special Provisions

    Discussion on what types of beef cattle and the LRP Exclusion is covered in this module.

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  • Module 4: Actuarials

    Various tables regarding program components such as dates, rates, and subsidies are provided in the USDA Risk Management Agency actuarial information browser. This module highlights the various key elements found in each table.

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  • Module 5: Pricing

    Projected and harvest prices along with price adjustment factors are determined for the program using a variety of steps. This module will detail how these various pricing components are established.

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  • Module 6: ISH/Underwriting

    The following module will highlight and provide further information on several underwriting operations that are found in the Insurance Standards Handbook.

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  • Module 7: Pre-Acceptance Worksheet

    This video will go through an item-by-item summary of the Pre-Acceptance Worksheet.

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  • Module 8: Pre-Acceptance Inspection Report

    This video will go through an item-by-item summary of the Pre-Acceptance Inspection Report.

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  • Module 9: Loss Adjustment

    A review of how the loss adjustment process will function, as outlined in the Loss Adjustment Standards Handbook, is covered in this module.

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  • Module 10: Appraisal Worksheet

    This video will go through an item-by-item summary of the Appraisal Worksheet.

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  • Module 11: Production Worksheet

    This video will go through an item-by-item summary of the Production Worksheet.

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  • Module 12: Weaning Weight Report

    This video will go through an item-by-item summary of the Weaning Weight Report.

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  • Module 13: Background Adjustment Report

    This video will go through an item-by-item summary of the Background Adjustment Report.

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  • Module 14: Timeline

    Combining all various program elements together, this module walks through two timelines to illustrate how the program operates on a chronological basis.

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  • Module 15: FAQs

    Throughout implementation, several common questions have been asked. This module will provide responses to some of these frequently asked questions.

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