Last week, the USDA Risk Management Agency (RMA) announced updates to the Livestock Gross Margin (LGM) and Dairy Revenue Protection (DRP) policies. RMA Acting Administrator Richard Flournoy first runs through the updates scheduled to take effect next year for the LGM program.
And Flournoy describes the updates to RMA’s Dairy Revenue Protection program.
RMA is updating the livestock insurance policies to improve options and to create more opportunities for producers to participate. Updates for both programs will be effective for the 2022 and succeeding crop years.