The National Pork Producers Council and 26 state pork associations representing thousands of American hog farmers have asked the USDA's Federal Crop Insurance Corporation to implement enhancements to the Livestock Risk Protection insurance program. These changes would mitigate the impact of unexpected declines in hog values from unanticipated events like the COVID-19 pandemic.

"The COVID-19 crisis in our farm sector has demonstrated the enormous value of an enhanced LRP," says NPPC President Howard A.V. Roth, a hog farmer from Wauzeka, Wis. "The LRP changes we support, if enacted, would undoubtedly draw more hog farmer participants to the program and help offset losses caused by catastrophic events like the one we are experiencing today."

In an August 10, 2020, letter to the FCIC, NPPC and the 26 state pork associations called for these LRP modifications:

Last year, more than 120 million hogs were marketed in the United States. Over the last 15 years, only once have more than 100,000 hogs fallen under LRP coverage due to program limitations.

Source: National Pork Producers Council, which is solely responsible for the information provided, and wholly owns the information. Informa Business Media and all its subsidiaries are not responsible for any of the content contained in this information asset.