Milk

BACKGROUND:

Approved Insurance Providers (AIPs) are required to conduct reviews of eligible livestock price insurance contracts (ELPIC) on livestock plans of insurance (Livestock Gross Margin (LGM), Livestock Risk Protection (LRP), Dairy Revenue Protection (DRP), and Weaned Calf Risk Protection (WCRP)). These reviews (Data Mining, Individual Policy, Conflict of Interest, and $200,000 Indemnity ($200K)) are intended to address suspected anomalies, program integrity concerns, or to ensure that a company’s internal control processes are operational and effective.

Background

In March 2020, the Risk Management Agency (RMA) began issuing Manager’s Bulletins to provide program flexibilities in response to COVID-19. These RMA-issued COVID-19 flexibilities can be found on the web at www.rma.usda.gov/coronavirus-resources.

Background

Both the Dairy Revenue Production (DRP) and Livestock Gross Margin for Dairy (LGM-Dairy) programs require dairy producers to market an amount of milk that is proportionate to the amount of insurance coverage they have purchased. This milk must be sold to count towards milk being delivered to the market, or ‘marketed’.

As of August 08, 2018 the following information is now available on the FTP site:

• 2019 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
• 2019 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

• 2019 Actuarial Data Master are in the References/Actuarial_Data_Master/2019 Directory.
• 2019 Special Provisions are in the Special_Provisions/2019 directory.

Additional notes and details regarding this data release: