At the Federal Crop Insurance Corporation Board of Directors meeting held on August 13-15, 2025, the Board approved changes to Dairy Revenue Protection policy that would allow concurrent use of…
At the Federal Crop Insurance Corporation Board of Directors meeting held on August 13-15, 2025, the Board approved changes to Dairy Revenue Protection sales period rules, effective with crop year…
An agent asked me a question this morning: I had a dairy that we work with call in this am. He is getting close to writing a contract with LRP.…
Bozic LLC and Parameter Climate are planning to form a joint venture to explore developing a new poultry insurance product under Section 508(h) of the Federal Crop Insurance Act. Earlier…
On July 4th, 2025, President Trump signed into law "An Act to provide for reconciliationpursuant to title II of H. Con. Res. 14.", colloquially referred to as The One, Big,…
Dairy Revenue Protection Basic Provisions allow producers to combine DRP with CME options in pursuit of a more customized risk management strategy. Section 24(a)(1) of Basic Provisions limits the short…
Jenny Ifft, a professor at Kansas State University, writes in the recent Beef Tips: How widespread is LRP use? 2025 LRP enrollment in Kansas has surpassed 500,000 head of feeder cattle and…
Dairy Revenue Protection pricing model is built upon Federal Milk Marketing Order (FMMO) rules for milk and milk component prices. Due to a recent FMMO reform, RMA just issued, for…
All three major livestock insurance plans contain prohibition against subsidy capture. Specifically, the last section in Basic Provisions for each plan enumerates practices that will be automatically deemed to be…
Consider a scenario where a producer entered into a forward contract to buy bred heifers or cows. The producer would like to buy LRP coverage on calves that will be…