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Jan 21, 2021 The U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) recently announced that further changes to its Livestock Risk Protection (LRP) insurance plan will take effect on January 20 for crop year 2021 and succeeding crop years. “We are always looking for feedback from producers and other stakeholders,” said RMA Administrator Martin Barbre. “These changes are a direct reflection of that feedback and will improve LRP coverage for producers in 2021 and beyond.” The improvements to LRP include: Increasing livestock head limits for feeder and fed cattle to 6,000 head per endorsement/12,000 head annually and swine to 40,000 head per endorsement/150,000 head annually. ....
-The Hagstrom Report The Agriculture Department’s Risk Management Agency on Tuesday announced that changes to its Livestock Risk Protection insurance plan will take effect on Jan. 20 for crop year 2021 and succeeding crop years. “We are always looking for feedback from producers and other stakeholders,” said RMA Administrator Martin Barbre. “These changes are a direct reflection of that feedback and will improve LRP coverage for producers in 2021 and beyond.” The changes include: ▪ Increasing livestock head limits for feeder and fed cattle to 6,000 head per endorsement/12,000 head annually and swine to 40,000 head per endorsement/150,000 head annually. ▪ Modifying the requirement to own insured livestock until the last 60 days of the endorsement. ....
Listen to this article WASHINGTON, D.C. â USDAâs Risk Management Agency (RMA) is extending crop insurance flexibilities for producers amid the COVID-19 pandemic. Specifically, relief provided for electronic notifications and signatures is extended through July 15, 2021; organic certification, replant self-certification and assignment of indemnity are extended through June 30, 2021. âWe recognize that American agriculture continues to face challenges due to the pandemic,â RMA Administrator Martin Barbre said. âRMA remains committed to providing flexibility that supports the health and safety of all parties while also ensuring that the federal crop insurance program continues to serve as a vital risk management tool.â RMA is also allowing Approved Insurance Providers (AIPs) further flexibilities for production reporting, submitting written agreement requests and obtaining producer signatures for written agreement offers. Producer signatures ....
Dec 31, 2020 7:29 AM USDA’s Risk Management Agency is extending crop insurance flexibilities for producers during COVID-19. Specifically, the relief provided for electronic notifications and signatures that are extended through July 15, 2021. Organic certification, replant certification, and assignment of indemnity is extended through June 30, 2021. “We recognize that American agriculture continues to face challenges due to COVID-19,” says RMA Administrator Martin Barbre. “RMA remains committed to providing the flexibility that supports the health and safety of all parties while also ensuring that the federal crop insurance program continues to serve as a vital risk management tool.” RMA is also allowing Approved Insurance Providers further flexibilities for production reporting, submitting written agreement requests, and obtaining producer signatures for written agreement offers. Producers’ signatures for written agreement offers issued by RMA on or before June 30 ....
(Washington, D.C.) The agency that administers federal crop insurance has had a lot on its plate in 2020. With the COVID-19 pandemic and multiple natural disasters, farmers across the country were tasked with being on their toes, especially when it comes to protecting their crops. Martin Barbre is administrator of the USDA s Risk Management Agency. He says the agency tried to remain flexible in the odd year. 2020 federal crop insurance covered a liability of more than $113 billion for producers across the country, said Barbre. We ve paid out over $5.8 billion in indemnities to those producers. Obviously, we ve had a little bit of a pandemic going on this year and we ve been able to authorize a lot of crop insurance flexibilities. We ve extended deadlines, we ve waived certain requirements, we ve deferred interest for two months in a couple of situations. ....