Livestock Gross Margin Dairy

BACKGROUND:

The Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) approved revisions to the Livestock Risk Protection (LRP), Livestock Gross Margin (LGM), Dairy Revenue Protection (DRP) plans of insurance under section 508(h) of the Federal Crop Insurance Act. The following revisions are applicable for the 2026 and succeeding crop years:

LRP changes include:

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

Per LPRA Appendix IV, AIPs shall identify and conduct an inspection on any eligible livestock price insurance contract (ELPIC) with an indemnity of $200,000 or more.¹ On April 12, 2019, RMA issued COM-19-001 to address the $200,000 Indemnity Review ($200K Review) requirements for aggregating losses by endorsement or insurance period for the Dairy Revenue Protection (DRP), Livestock Gross Margin (LGM), and Livestock Risk Protection (LRP) plans of insurance.

Background

The Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) approved revisions to the Livestock Risk Protection (LRP), Livestock Gross Margin (LGM), Dairy Revenue Protection (DRP) plans of insurance under section 508(h) of the Federal Crop Insurance Act. The following revisions are applicable for the 2025 and succeeding crop years:

Livestock Risk Protection changes include:

As of February 07, 2024 the following information is now available on the FTP site:

• 2023 Actuarial Data Master for the 4/30, 8/31 Filing Date, YTD, and Daily Files.
• 2024 Actuarial Data Master for the 4/30, 11/30 Filing Date, YTD, and Daily Files. 

Users can find this information in the following directories:

Background 

The Federal Crop Insurance Corporation (FCIC) Board of Directors (Board) approved revisions to the Livestock Risk Protection (LRP)-Fed Cattle plan of insurance under section 508(h) of the Federal Crop Insurance Act on February 17, 2023, and April 19, 2023. The FCIC Board also approved revisions to the Livestock Gross Margin (LGM) plans of insurance under section 508(h) of the Federal Crop Insurance Act on May 19, 2022, and April 19, 2023. Updates were also made to the Dairy Revenue Protection (DRP) program.

As of April 28, 2023 the following information is now available on the FTP site:

• 2021 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
• 2022 Actuarial Data Master for the 8/31, 10/31 Filing Date, YTD, and Daily Files.
• 2024 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
• 2024 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

As of April 04, 2023 the following information is now available on the FTP site:

• 2024 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
• 2024 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

• 2024 Actuarial Data Master are in the References/Actuarial_Data_Master/2024 directory.
• 2024 Special Provisions are in the Special_Provisions/2024 directory.

Additional notes and details regarding this data release:

As of April 29, 2022 the following information is now available on the FTP site:

• 2020 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
• 2021 Actuarial Data Master for the 8/31, 10/31 Filing Date, YTD, and Daily Files.
• 2023 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
• 2023 Special Provisions for the 4/30 Filing Date.

Users can find this information in the following directories:

Background

The Federal Crop Insurance Corporation’s Board of Directors (Board) approved revisions to the Livestock Gross Margin (LGM) plans of insurance, under section 508(h) of the Federal Crop Insurance Act, on February 17, 2022. The following revisions are applicable for the 2023 and succeeding crop years: