The Federal Crop Insurance Corporation (FCIC) Board of Directors approved revisions to the Livestock Risk Protection (LRP), Livestock Gross Margin (LGM), and Dairy Revenue Protection (DRP) insurance plans under section 508(h) of the Federal Crop Insurance Act for the 2027 and succeeding crop years. These revisions are outlined in PM-26-024.

Uniform updates across LRP, LGM, and DRP include clarifications regarding subsidy capture to address off-exchange contracts; revisions to the definition of beginning farmer or rancher and subsidy percentages to conform with the One Big Beautiful Bill Act; allowing concurrent coverage between similar livestock programs; requiring policies that do not earn premium for three consecutive years to be cancelled; clarifying when coverage can be transferred; aligning dispute resolution provisions with Removal of Regulatory Overreach and Federal Crop Insurance Policy Provisions and correcting the deadline for filing judicial review to align with the Federal Arbitration Act; and making updates consistent with other RMA policies.

  • LRP revisions add additional guidelines to the forage disaster exemption for extended drought and natural disasters, including grazing dates when the exemption can apply; increase maximum weights for Fed Cattle types; expand Cull Cow coverage for up to 52 weeks; and add Unborn Bulls and Heifers Weight 2, Unborn Brahman Weight 2, and Unborn Dairy Weight 2 feeder cattle types with a weigh range of 6.0 cwt to 9.0 cwt.
  • DRP changes update the sales period to end the following calendar day to align with other livestock programs.
  • LGM Cattle revisions increase the maximum weight for LGM Cattle to 1,800 pounds; increase the maximum allowed target weight for feeder cattle from 9 to 12 cwt for yearling finishing operations while establishing weigh difference requirements between target live cattle and feeder cattle weights; require producers to own calves for a minimum of five months for yearling finishing or eight months for calf finishing in the definition of “share”; and increase the maximum allowed target weight for live cattle from 15 to 18 cwt for yearling finishing operations and from 13 to 16 cwt for calf finishing operations.