Articles Tagged with ''Risk Management Agency''

USDA has updated crop insurance options in order to reach more swine, dairy and cattle producers through the Dairy Revenue Protection (DRP), Livestock Gross Margin (LGM), and Livestock Risk Protection (LRP) programs.

Surging commodity prices have pushed crop insurance guarantees to record highs or near-record highs for farmers in the Midwest and Plains states this spring, which will help them protect their revenue against the soaring input costs.

Farmers who plant cover crops will be eligible for crop insurance premium subsidies worth $5 an acre for the second year in a row.

Producers will have additional crop insurance flexibilities at their disposal next year after a handful of changes from the Department of Agriculture’s Risk Management Agency.

California has already surpassed $101 million in USDA crop insurance indemnities due to shortages of irrigation water supplies and the numbers will likely climb much higher.

The four senators and two representatives representing the Dakotas are pressing the Department of Agriculture’s Risk Management Agency to make a change to the crop insurance provisions for sunflowers.

USDA’s Risk Management Agency is expanding its whole-farm revenue protection plan with the goal of garnering more participation from aquaculture and organic producers.

Higher prices for meat and other foods are helping fuel the inflation that is pinching consumers.  Supermarket prices rose 0.8% in June, driven by a 2.5% increase for meat, poultry, fish, and eggs. Beef prices rose 4.5% last month.

Livestock producers across the West and northern Plains are relying heavily on rangeland insurance policies this year, even as the Agriculture Department considers changes to the program that could limit future indemnities for some farmers and ranchers.