USDA’s Risk Management Agency is making changes to the Dairy Revenue Protection, Livestock Gross Margin and Livestock Risk Protection programs. Effective July 1, the plans for the dairy revenue program are being simplified and coverage levels are being adjusted. For Livestock Risk Protection, the insurance subsidy increases from the current 13 percent to a range of 20-to-35 percent, based on the coverage selected. The new farm bill also allows farmers who participate in the Dairy Revenue Protection or Livestock Gross Margin programs to also enroll in the Dairy Margin Coverage program.
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