Forward Contracts on Unborn Calves
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.…
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July 15, 2025
Bozic LLC and Parameter Climate join forces on poultry insurance
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…
July 14, 2025
The One, Big, Beautiful Bill and Livestock Insurance
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,…
July 10, 2025
Quarterly option packs and subsidy capture under Dairy Revenue Protection
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…
July 9, 2025
K-State Beef Tips: “Livestock Risk Protection (LRP): A Tool for Managing Price Risk in Today’s Market”
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…
July 8, 2025
Federal Milk Marketing Order Reform and DRP Expected and Actual Prices
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…
July 7, 2025
On subsidy capture using private contracts
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…
July 1, 2025
Can coverage be purchased on unborn bulls and heifers to be born to forward-priced bred cows or heifers?
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…
June 27, 2025
Are agents disinterested third parties?
To receive an indemnity under LRP, producers have to demonstrate ownership interest in covered livestock on the day they purchased the endorsement. Documents deemed necessary and sufficient tosupport verification of…
June 18, 2025
Are heiferettes eligible for coverage under LRP-Fed Cattle?
A question came up today - are heiferettes eligible for coverage under LRP-Fed Cattle? What is a heiferette? AMS defines heiferette as a "female bovine, 2 ½ years old or…
June 13, 2025