Livestock Gross Margin Dairy

As of April 07, 2022 the following information is now available on the FTP site:

• 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:

• 2023 Actuarial Data Master are in the References/Actuarial_Data_Master/2023 directory.
• 2023 Special Provisions are in the Special_Provisions/2023 directory.

Additional notes and details regarding this data release:

Background

Appendix IV, section III(b)(1) of the Standard Reinsurance Agreement (SRA) and the Livestock Price Reinsurance Agreement (LPRA) requires Approved Insurance Providers (AIPs) to conduct data mining reviews.

This is clarification on the required Quality Control (QC) Type Codes that shall be submitted by review type.

As of April 29, 2021 the following information is now available on the FTP site:

• 2019 Actuarial Data Master for the 8/31 Filing Date, YTD, and Daily Files.
• 2020 Actuarial Data Master for the 8/31, 10/31 Filing Date, YTD, and Daily Files.
• 2021 Actuarial Data Master for the 6/30, 11/30 Filing Date, YTD, and Daily Files.
• 2022 Actuarial Data Master for the 4/30 Filing Date, YTD, and Daily Files.
• 2022 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 Dairy Revenue Protection (DRP) plan of insurance, under section 508(h) of the Federal Crop Insurance Act, on November 20, 2020. The Board also approved revisions to the Livestock Gross Margin (LGM) plans of insurance, under section 508(h) of the Federal Crop Insurance Act, on June 23, 2020. The following revisions are applicable for the 2022 and succeeding crop years:

Dairy Revenue Protection changes include:

As of April 23, 2021 the following information is now available on the FTP site:

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

Users can find this information in the following directories:

• 2022 Actuarial Data Master are in the References/Actuarial_Data_Master/2022 directory.
• 2022 Special Provisions are in the Special_Provisions/2022 directory.

Additional notes and details regarding this data release:

As of April 01, 2021 the following information is now available on the FTP site:

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

Users can find this information in the following directories:

• 2022 Actuarial Data Master are in the References/Actuarial_Data_Master/2022 directory.
• 2022 Special Provisions are in the Special_Provisions/2022 directory.

Additional notes and details regarding this data release:

Background

The Risk Management Agency (RMA) has revised the Livestock Risk Protection and Livestock Gross Margin-Cattle, Dairy, and Swine Basic Provisions to incorporate changes made in the 2014 Farm Bill Final Rule published in the Federal Register on June 30, 2016. Additionally, these Basic Provisions have been revised to incorporate changes previously made in the Ineligibility Amendment.

The new provisions are effective for the 2018 and succeeding crop years.

Background

The Federal Crop Insurance Corporation Board of Directors (Board) approved revisions to the Livestock Gross Margin (LGM) plan of insurance for Cattle, Dairy, and Swine, under section 508(h) of the Federal Crop Insurance Act, on June 23, 2020. The following revisions are applicable for the 2021 and succeeding crop years:

Background

The Livestock Gross Margin (LGM) actual gross margins are posted by the Risk Management Agency (RMA) by the end of the first full business week of the months of February, April, June, August, October, and December. Due to the COVID-19 pandemic and its impact on the livestock industry, RMA is expediting the release of actual ending values to allow producers to receive payments faster.

Background

The Dairy Margin Coverage (DMC) program, administered by the Farm Service Agency (FSA), and the Livestock Gross Margin for Dairy policy (LGM-Dairy), administered by the Risk Management Agency (RMA), offer similar risk management protection for dairy producers. On December 20, 2018, the Agriculture Improvement Act of 2018 was signed into law, allowing producers to participate in both programs.