The USDA's Risk Management Agency is increasing premium subsidies and will make other improvements to the Livestock Risk Protection plan of insurance for swine, feeder cattle and fed cattle starting with the 2021 crop year. The increased premium subsidy is retroactive to the beginning of the 2021 crop year and is based on the coverage selected by the livestock producer. RMA will implement the other improvements later this year.

"We encourage livestock producers to contact their insurance agent to take advantage of these improvements," says RMA Administrator Martin Barbre. "These changes will not only make LRP more affordable for producers, but also will provide them with better coverage."

Other improvements to be implemented include:

RMA is authorizing additional flexibilities due to coronavirus while continuing to support producers, working through Approved Insurance Providers to deliver services, including processing policies, claims and agreements. RMA staff are working with AIPs and other customers by phone, mail and electronically to continue supporting crop insurance coverage for producers. Farmers with crop insurance questions or needs should continue to contact their insurance agents about conducting business remotely (by telephone or email). 

Crop insurance is sold and delivered solely through private insurance agents. A list of insurance agents is available online using the RMA Agent Locator. 

Source: USDA Risk Management Agency, 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.