For RY2026 and prior crop years, LRP Insurance Standards Handbook contained a table with Price Adjustment Factors for various types. For example, for RY2026, LRP ISH 23.D: No such table…
We had several livestock submissions presented to the FCIC Board of Directors this week. I will write more detailed blogs soon on each change, but here is a quick summary:…
A producer places high quality genetic embryos in leased cows. The producer owns the embryos, has control of the cows through gestation, lactation and beyond. He also is subject to…
Consider the following scenario. In July 2026, an insured buys an LGM-Cattle SCE with target marketings of 1,000 head in November 2026. They also buy an LRP-Fed Cattle SCE and…
April 30 is the contract change date for Livestock Risk Protection, Dairy Revenue Protection and Livestock Gross Margin plans of insurance. Yesterday early afternoon, Risk Management Agency released all livestock…
The Problem: A Blanket Prohibition That Has Outlived Its Purpose For crop year 2026, all three major livestock insurance policies — Dairy Revenue Protection (DRP), Livestock Gross Margin (LGM), and…
In RY2026, LRP Feeder Cattle SCE introduced a "Drought Hardship Exemption": if the drought substantially worsened during the LRP Feeder Cattle SCE coverage period, insureds were allowed to sell feeder…
LRP Feeder Cattle SCE currently caps the target weight for unborn bulls and heifers at 600 pounds. This limit does not reflect modern production practices or biological growth potential. Research…
All livestock policies have a provision similar to this one: We may cancel your policy if no premium is earned for 3 consecutive years. [DRP BP 2(k); This language is…
"Adverse selection" is one of those big phrases that gets thrown around a lot when insurance is discussed. An extreme example I like to use is "buying home insurance only…