This blog post walks the reader through the process of calculating Actual Ending Values for LRP-Swine. The steps are described in LRP-Swine SCE. There were no substantive changes for RY2027…
LRP-Fed Cattle coverage is settled based on the price of fed cattle as calculated by the Agricultural Marketing Service (AMS) in a report titled the “5 Area Weekly Weighted Average…
For RY2026 and prior crop years, LRP Insurance Standards Handbook contained a table with Price Adjustment Factors for various types. For example, for RY2026, LRP ISH 23.D: No such table…
A producer places high quality genetic embryos in leased cows. The producer owns the embryos, has control of the cows through gestation, lactation and beyond. He also is subject to…
Consider the following scenario. In July 2026, an insured buys an LGM-Cattle SCE with target marketings of 1,000 head in November 2026. They also buy an LRP-Fed Cattle SCE and…
April 30 is the contract change date for Livestock Risk Protection, Dairy Revenue Protection and Livestock Gross Margin plans of insurance. Yesterday early afternoon, Risk Management Agency released all livestock…
In RY2026, LRP Feeder Cattle SCE introduced a "Drought Hardship Exemption": if the drought substantially worsened during the LRP Feeder Cattle SCE coverage period, insureds were allowed to sell feeder…
LRP Feeder Cattle SCE currently caps the target weight for unborn bulls and heifers at 600 pounds. This limit does not reflect modern production practices or biological growth potential. Research…
"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…