The USDA Risk Management Agency announced changes to the Livestock Risk Protection (LRP) insurance plan for 2021 crop year and beyond. The following revisions are applicable effective beginning January 20, 2021:

  • Increase head limits to:
    • Feeder Cattle – 6,000 head per endorsement/12,000 head annually
    • Fed Cattle – 6,000 head per endorsement/12,000 head annually
    • Swine – 40,000 head per endorsement/150,000 head annually
  • Modify the livestock ownership requirement to 60 days
  • Add endorsement length options up to 52 weeks for swine
  • Add new feeder cattle and swine types to allow for livestock to be insured before birth

In addition, RMA reminded producers about it’s extended flexibilities for service delivery working through Approved Insurance Providers (AIPs) that were implemented early in the COVID-19 pandemic. Customers and AIPs can now work with RMA staff by phone, mail and electronically to continue crop insurance coverage. Farmers are encouraged to contact their AIPs to learn more. See more on this week’s RMA actions.