USDA has announced sign-up dates for the new Livestock Compensation Program, Livestock Indemnity Program and Crop Disaster Program. The three ad hoc disaster programs provide benefits to farmers and ranchers who suffered losses caused by natural disasters in recent years.
Eligible ranchers and other livestock producers can apply to receive benefits under the Livestock Compensation Program (LCP) and Livestock Indemnity Program (LIP) beginning Sept. 10, 2007. Eligible farmers can sign-up for the Crop Disaster Program (CDP) beginning Oct. 15, 2007, if they suffered quantity losses to their crops. USDA will announce and conduct CDP sign-up for quality losses as soon as possible.
The program covers weather related disasters in 2005, 2006 and the first two months of 2007, but producers can only receive benefits for losses in one of those years.
Read more from USDA-FSA.
Report (1:00 mp3)