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…
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…
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…
Beef revenue from cull cows contributes substantially to dairy farm profitability. Starting with RY2026, dairy farmers will have the ability to buy coverage against price risk on their cull cows…
Since inception, more than 20 years ago, LRP-Feeder Cattle offered coverage for steers, heifers, predominantly dairy feeder cattle, and predominantly Brahman feeder cattle. Heavy steers with target weight 600-1000 lbs…
LRP Basic Provisions for RY2026 substantively modified the definition of "Sold": RY 2025 definition: Sold - Livestock transferred to another person through a valid bill of sale or auction. Livestock…