USDA has updated three key insurance options for livestock producers including the Dairy Revenue Protection, Livestock Gross Margin, and Livestock Risk Protection. The updates were published last week for the 2023 crop year, which begins on July 1 of 2022. Producers will now have more flexibility for these programs when indemnities are used to pay premiums. These updates also mean producers can now have both LGM and LRP policies.
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