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USDA Announces Increased Subsidies and Other Improvements to the Livestock Risk Protection Insurance Program

USDA Announces Increased Subsidies and Other Improvements to the Livestock Risk Protection Insurance Program

 

he U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) today announced it is increasing premium subsidies and will make other improvements to the Livestock Risk Protection (LRP) plan of insurance for feeder cattle, fed cattle, and swine starting with the 2021 crop year. The increased premium subsidy is retroactive to the beginning of the 2021 crop year and is based on the coverage selected by the livestock producer. RMA will implement the other improvements later this year.

“We encourage livestock producers to contact their insurance agent to take advantage of these improvements,” said RMA Administrator Martin Barbre. “These changes will not only make LRP more affordable for producers, but also will provide them with better coverage.”

 



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