Livestock
IS-23-002
The Risk Management Agency (RMA) has released a revised 2024 Livestock Price Reinsurance Agreement (LPRA) Appendix II, with changes to Exhibits V(b) and (c) in the 2024 LPRA Plan of Operation Template at www.rma.usda.gov/policy-procedure/reinsurance-agreements/livestock-price-reinsurance-agreement-archive. These exhibits were revised to include the new Wean Calf Revenue Protection (WCRP) program implemented this year.
PM-23-059
Background
On August 18, 2022, the Federal Crop Insurance Corporation Board of Directors approved the Weaned Calf Risk Protection (WCRP) program under section 508(h) of the Federal Crop Insurance Act. Features of the program effective for 2024 and succeeding crop years include:
USDA’s Insurance Option Offers First of Its Kind Risk Management Tool for Cow-Calf Producers
News Release
PM-23-053
Background
On August 17, 2023, under section 508(h) of the Federal Crop Insurance Act the Federal Crop Insurance Corporation Board of Directors approved revisions to the Dairy Revenue Protection (DRP) Commodity Exchange Endorsement (CEE) for the 2024 crop year for all endorsements that have an effective date on or after September 16, 2023, and for the 2025 and succeeding crop years. The changes include:
DRP CEE:
PM-23-047
Background
The Risk Management Agency (RMA) revised the Rainfall Index (RI) Common Policy and the Pasture, Rangeland, Forage (PRF) Crop Provisions for 2024 and succeeding crop years for the August 31, 2023, contract change date and for the 2025 crop year for insurance plans with a contract change date prior to August 31, 2023. The changes include:
PRF Crop Provisions: