USDA’s Risk Management Agency has made changes to the Livestock Risk Protection (LRP) insurance plan for 2021. The program includes improvements for feeder cattle, fed cattle and swine. “These changes are a direct reflection of that feedback and will improve LRP coverage for producers in 2021 and beyond,” said RMA Administrator Martin Barbre. Specifically, it increases feeder and fed cattle limits to 6,000 head per endorsement/12,000 head annually and 40,000 head per endorsement/150,000 head annually for swine. The updates also modify the requirement to own insured livestock until the last 60 days of the endorsement; increase endorsement lengths for swine up to 52 weeks; and allows unborn livestock to be insured.
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