The U.S. Department of Agriculture (USDA) has updated three key crop insurance options for livestock producers: the Dairy Revenue Protection (DRP), Livestock Gross Margin (LGM), and Livestock Risk Protection (LRP). USDA’s Risk Management Agency (RMA) revised the insurance options to reach more producers, offer greater flexibility for protecting their operations, and ultimately, better meet the needs of the country’s swine, …
Livestock Insurance Policy Updates
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 …
USDA Improves Livestock Crop Insurance Policies with New Options
The U.S. Department of Agriculture (USDA) has announced they are updating livestock insurance policies to improve options for producers and to create more opportunities for producers to participate. USDA’s Risk Management Agency’s (RMA) has made updates to the Dairy Revenue Protection (DRP) and Livestock Gross Margin (LGM) policies. These updates will be effective for the 2022 and succeeding crop years. Updates to …