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Livestock Risk Protection

Acronym
LRP

PM-20-064: CORRECTED Livestock Risk Protection for Feeder Cattle, Fed Cattle, and Swine Revisions Effective for the 2021 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation's Board of Directors (Board) approved revisions to the Livestock Risk Protection (LRP) plan of insurance for Feeder Cattle, Fed Cattle, and Swine, under section 508(h) of the Federal Crop Insurance Act, on August 20, 2020. The following revisions are applicable for the 2021 and succeeding crop years:

PM-20-042: Livestock Risk Protection for Feeder Cattle, Fed Cattle, and Swine Revisions for the 2021 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation's Board of Directors (Board) approved revisions to the Livestock Risk Protection (LRP) plan of insurance for Feeder Cattle, Fed Cattle, and Swine, under section 508(h) of the Federal Crop Insurance Act, on May 21, 2020. The following revisions are applicable for the 2021 and succeeding crop years:

PM-20-035: Changes to Livestock Risk Protection for Feeder Cattle, Fed Cattle, and Swine Effective for the 2021 and Succeeding Crop Years

Background

The Federal Crop Insurance Corporation's (FCIC) Board of Directors (Board) approved changes to the Livestock Risk Protection (LRP) plan of insurance for Feeder Cattle, Fed Cattle, and Swine, under section 508(h) of the Federal Crop Insurance Act, on May 21, 2020. The Board approved the following changes requested by Applied Analytics Group, the submitters of the LRP plan of insurance:

Actuarial Release 19-014

As of April 22, 2019 the following information is now available on the FTP site:

  • 2020 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
  • 2020 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

  • 2020 Actuarial Data Master are in the References/Actuarial_Data_Master/2020 directory.
  • 2020 Special Provisions are in the Special_Provisions/2020 directory.

Additional notes and details regarding this data release:

PM 19-024: Expansion and Modifications to Head Limits for the Livestock Risk Protection for Feeder Cattle, Fed Cattle, and Swine plans of insurance

Background

The Federal Crop Insurance Corporation's (FCIC) Board of Directors (Board) approved revisions of the Livestock Risk Protection for Feeder Cattle, Fed Cattle, and Swine plans of insurance on May 24, 2018. The revisions were requested by Applied Analytics Group, the owners of the LRP plans of insurance. The Board approved the following revisions for the 2020 crop year starting July 1st:

Actuarial Release 19-010

As of March 28, 2019 the following information is now available on the FTP site:

  • 2020 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
  • 2020 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

  • 2020 Actuarial Data Master are in the References/Actuarial_Data_Master/2020 directory.
  • 2020 Special Provisions are in the Special_Provisions/2020 directory.

Additional notes and details regarding this data release:

MGR-17-008: Suspension of Livestock Risk Protection Basic Provisions 30 Day Ownership Requirement Due to Severe Drought in Montana, North Dakota, and South Dakota

Background 

In light of the severe drought conditions in Montana, North Dakota, and South Dakota, producers are struggling to find adequate supplies of feed or forage, causing them to market their livestock sooner than anticipated. In response, the United States Department of Agriculture recently announced measures to assist producers affected by severe drought conditions in Montana, North Dakota, and South Dakota.

IS-18-004: Livestock Risk Protection – Fed Cattle/Feeder Cattle/Swine – User Fee Notification

Applied Analytics Group (AAG), the developers of the Livestock Risk Protection – Fed Cattle/Feeder Cattle/Swine (LRP-Fed Cattle/Feeder Cattle/Swine) plans of insurance, advised the Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) of their intent to continue maintenance of the LRP-Fed Cattle/Feeder Cattle/Swine plans of insurance and charge a user fee to approved insurance providers (AIP) selling the plan.

IS-18-003: Livestock Risk Protection - Lamb – User Fee Notification

American Sheep Industry Association (ASI), the developers of the Livestock Risk Protection – Lamb (LRP-Lamb) plan of insurance, advised the Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) of their intent to continue maintenance of the LRP-Lamb plan of insurance and charge a user fee to approved insurance providers (AIP) selling the plan. Section 522(b)(4)(C) of the Federal Crop Insurance Act (Act) allows submitters to maintain approved 508(h) products and charge a user fee to approved insurance providers (AIP) that elect to sell the policy.