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…
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 sales period rules, effective with crop year…
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…
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…
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…