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USDA Updates Livestock Insurance Options to Offer Better Protection, Flexibility

Find more resources on MSGA’s Rancher Resource page Press release provided by USDA Risk Management Agency WASHINGTON, May 4, 2022 – The U.S. Department of Agriculture 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 … Read more

Local Effort Leads to Overhaul of USDA’s Livestock Insurance

Cattle producers now have improved insurance to protect against unexpected price declines USDA recently announced significant improvements to the Livestock Risk Protection Insurance Plan (LRP), a program that allows cattle producers to insure against unexpected price declines. LRP allows producers to insure between 70% and 100% of the projected price of their cattle. The projected … Read more