The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) has announced further changes to the Livestock Risk Protection (LRP) insurance plan. These changes take effect today, Jan. 20, for crop year 2021 and succeeding crop years.
The improvements include:
- Increasing livestock head limits for feeder and fed cattle to 6,000 head per endorsement/12,000 head annually and swine to 40,000 head per endorsement/150,000 head annually.
- Modifying the requirement to own insured livestock until the last 60 days of the endorsement.
- Increasing the endorsement lengths for swine up to 52 weeks.
- Creating new feeder cattle and swine types to allow for unborn livestock to be insured.
For more information, please see the livestock insurance plans page on the RMA website.