
Livestock Risk Management Programs now Available
Spokane--The Risk Management Agency’s Spokane Regional Office
would like to remind Pacific Northwest livestock producers of the livestock
risk management programs available in all counties in Idaho, Oregon and
Washington. The Livestock Risk Protection program for Fed Cattle, Feeder
Cattle, Lamb and Swine and the Livestock Gross Margin program for Swine
will begin sales for the 2013 crop year July 2, 2012 and continue through June
30, 2013; or until the maximum underwriting capacity is reached.
LRP coverage protects the policyholder from downward price risk
during the insurance period. LGM provides protection against the loss of
gross margin that includes market value of livestock minus feed costs. LRP and LGM do not
cover other perils like mortality, condemnation, physical damage, disease,
individual marketing decisions, local price deviations or any other cause of
loss.
Cattle, swine and lamb producers are encouraged to contact a
local livestock insurance agent to learn additional details. Federal crop
insurance program policies are sold and delivered solely through private crop
and livestock insurance companies. A list of livestock crop insurance agents is
available at all USDA Service Centers throughout the U.S. or at the RMA Web
site address: http://www.rma.usda.gov/tools/agent.html.
Spokane--The Risk Management Agency’s Spokane Regional Office
would like to remind Pacific Northwest livestock producers of the livestock
risk management programs available in all counties in Idaho, Oregon and
Washington. The Livestock Risk Protection program for Fed Cattle, Feeder
Cattle, Lamb and Swine and the Livestock Gross Margin program for Swine
will begin sales for the 2013 crop year July 2, 2012 and continue through June
30, 2013; or until the maximum underwriting capacity is reached.
LRP coverage protects the policyholder from downward price risk
during the insurance period. LGM provides protection against the loss of
gross margin that includes market value of livestock minus feed costs. LRP and LGM do not
cover other perils like mortality, condemnation, physical damage, disease,
individual marketing decisions, local price deviations or any other cause of
loss.
Cattle, swine and lamb producers are encouraged to contact a
local livestock insurance agent to learn additional details. Federal crop
insurance program policies are sold and delivered solely through private crop
and livestock insurance companies. A list of livestock crop insurance agents is
available at all USDA Service Centers throughout the U.S. or at the RMA Web
site address: http://www.rma.usda.gov/tools/agent.html.
No comments:
Post a Comment