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…
Last week, FCIC Board of Directors met in Washington, D.C. There were a number of livestock changes considered for RY2027. This article is the first in a series of blog…
Over the last few weeks, we received a number of questions on eligibility for Cull Cows type. Presented cases fall into two categories: (1) dairy farmers selling older cows on…
Dairy Revenue Protection uses Federal Milk Marketing Order pricing factors to calculate milk component prices. The rules for the conversions are included in the Basic Provisions and the Commodity Exchange…
An agent asked me recently: If a customer buys class III DRP endorsement, and then wants to sell cheese puts does the legal language apply to that as well in…
TL;DR: No, they are not. In Livestock Gross Margin for Cattle Basic Provisions, we find several definitions relevant to this question: Target marketings - Your determination as to the number…
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.…