USDA’s Risk Management Agency (RMA) has announced changes to the Livestock Risk Protection Insurance Program for feeder cattle, fed cattle, and swine starting this summer with the 2021 crop year.
The changes will allow premiums to be paid at the end of the endorsement period, aligning with other policies; and increasing the premium subsidy for coverage levels above 80 percent.
Those with an 80 percent or higher coverage level will get a 5-percentage point subsidy increase. RMA is authorizing additional flexibilities due to the coronavirus pandemic.
Farmers with livestock insurance questions should contact their insurance agents about doing business remotely. More information can be found at farmers.gov/coronavirus.
