{"id":1870,"date":"2021-06-01T12:00:54","date_gmt":"2021-06-01T18:00:54","guid":{"rendered":"https:\/\/rightrisk.org\/news\/?p=1870"},"modified":"2021-05-06T16:24:03","modified_gmt":"2021-05-06T22:24:03","slug":"evaluating-lrp-coverage-via-rightrisk-analytics-3","status":"publish","type":"post","link":"https:\/\/rightrisk.org\/news\/2021\/06\/01\/evaluating-lrp-coverage-via-rightrisk-analytics-3\/","title":{"rendered":"Evaluating LRP Coverage via RightRisk Analytics"},"content":{"rendered":"<div id=\"attachment_001\" class=\"wp-caption alignleft\" style=\"width: 350px\"><a href=\"https:\/\/www.uwagec.org\/rightrisk\/news\/wp-content\/uploads\/2021\/06\/2021_06_01_RRPost.pdf\" rel=\"noopener noreferrer\" target=\"_blank\"><img decoding=\"async\" class=\"size-full wp-image-001\" title=\"RightRisk Post\" src=\"https:\/\/www.uwagec.org\/rightrisk\/news\/wp-content\/uploads\/2021\/06\/2021_06_01_RRPost_FCBK.png\" alt=\"Graphic of RightRisk Media Post\" width=\"388\" height=\"388\"><\/a><\/div>\n<p>&nbsp;<br \/>\n<strong>LIVESTOCK RISK PROTECTION (LRP) <\/strong>insurance is designed to help manage livestock market price risk. The Risk Scenario Planning tool can, with a little creativity, be used to analyze expected net revenue under an LRP policy.    The resulting cumulative distribution graph provides the probability of earning a net return at or below any certain value. With this information in hand we can begin to answer questions like: \u201cHow effective is this coverage?\u201d or \u201cHow often would it pay?\u201d See the RSP Guide for this and other examples. <\/p>\n<p>The <em>Risk Scenario Planning <\/em>tool is one of over 30 individual risk analysis tools developed by RightRisk and available free of charge at: <a href=\"https:\\\\RightRisk.org\\Analytics\" rel=\"noopener noreferrer\" target=\"_blank\">RightRisk.org\\Analytics<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; LIVESTOCK RISK PROTECTION (LRP) insurance is designed to help manage livestock market price risk. The Risk Scenario Planning tool can, with a little creativity, be used to analyze expected net revenue under an LRP policy. The resulting cumulative distribution &hellip; <a href=\"https:\/\/rightrisk.org\/news\/2021\/06\/01\/evaluating-lrp-coverage-via-rightrisk-analytics-3\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":6426,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rightrisk-post"],"_links":{"self":[{"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/posts\/1870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/comments?post=1870"}],"version-history":[{"count":2,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/posts\/1870\/revisions"}],"predecessor-version":[{"id":1879,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/posts\/1870\/revisions\/1879"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/media\/6426"}],"wp:attachment":[{"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/media?parent=1870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/categories?post=1870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rightrisk.org\/news\/wp-json\/wp\/v2\/tags?post=1870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}