RMA Issues PM-25-028 Modifying the Livestock Risk Protection, Livestock Gross Margin and Dairy Revenue Protection Policies for 2026

Product Management Bulletin PM-25-028 Livestock Risk Protection, Livestock Gross Margin, and Dairy Revenue Protection – Modifications Effective for 2026 and Succeeding Crop Years

The Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) approved revisions to the Livestock Risk Protection (LRP), Livestock Gross Margin (LGM), Dairy Revenue Protection (DRP) plans of insurance under section 508(h) of the Federal Crop Insurance Act. The following revisions are applicable for the 2026 and succeeding crop years:

LRP changes include:

Modified the termination date to September 30th and the premium billing date to the first day of the second month after the end date.
Added two new types:
- For Feeder Cattle, Unborn Calves provided coverage for beef or beef/dairy cross calves sold within two weeks after birth; and
- For Fed Cattle, Cull Cows provided coverage for dairy cull cows with a coverage limitation of 13 weeks.
Allowed coverage based on a forward contract or purchase agreement.
- Additional record requirement includes a copy of the purchase agreement and proof of delivery.
Added a drought exemption for Feeder Cattle that will be based on the Drought Monitor’s Drought Severity and Coverage Index.
Updated the correction of errors language in the handbook and added similar language to the policy.
Added additional record requirements for Feeder Cattle:
- When livestock are purchased and not marketed within 60 days of the end date; and
- The sex of the feeder cattle must be verified in the marketing or purchase records.
Added language that outlines what is considered subsidy capture and specifies subsidy capture is not allowable.
Updated the termination/ineligibility language.
Added single payee changes.

LGM changes include:

Modified the termination date to August 31st and the premium billing date to the first day of the second month after the SCE ended.
Updated the correction of errors language in the handbook and added similar language to the policy.
Added language that outlines what is considered subsidy capture and specifies subsidy capture is not allowable.
Updated the termination/ineligibility language.
Added single payee language.

DRP changes include:

Modified the termination date to January 31st and the premium billing date to the first day of the third month after the end date.
Updated the correction of errors language in the handbook and added similar language to the policy.
Added language that outlines what is considered subsidy capture and specifies subsidy capture is not allowable.
Modified the natural disaster language to include animal disease.
Increased minimum declarable butterfat test to 4.00 pounds, increased maximum declarable butterfat test to 6.00 pounds and increased minimum declarable protein test to 3.20 pounds.

Supporting Documentation Posted to the RMA Website:

Livestock Risk Protection (LRP)

Livestock Gross Margin (LGM)

Dairy Revenue Protection (DRP)

For more information, please see the full RMA Product Management Bulletin PM-25-028 here.