USDA Rolls Out Improvements to Livestock Risk Protection Insurance Program

In the final moments of the Trump Administration, the USDA announced further changes to the Livestock Risk Protection insurance plan. The changes took effect on Wednesday for crop year 2021 and succeeding crop years.

USDA says the improvements include increasing livestock head limits for feeder and fed cattle to 6,000 head per endorsement or 12,000 head annually and swine to 40,000 head per endorsement or 150,000 head annually. Additionally, the changes modify the requirement to own insured livestock until the last 60 days of the endorsement. USDA is also increasing the endorsement lengths for swine up to 52 weeks and creating new feeder cattle and swine types to allow for unborn livestock to be insured.

Outgoing USDA Risk Management Agency Administrator Martin Barbre said, “These changes are a direct reflection of that feedback and will improve LRP coverage for producers in 2021 and beyond.”

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