7-16 IAT Risk Management

 The Risk Management Agency’s (RMA) 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 (LRP) program for Fed Cattle, Feeder Cattle, Lamb and Swine and the Livestock Gross Margin (LGM) program for Swine begins sales for the 2014 crop year July1, 2013 and continue through June 30, 2014; 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 (market value of livestock minus feed costs). LRP and LGM do not cover any other peril (e.g., 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. Jo Lynne Seufer, Risk Management Specialist for the USDA/Risk Management Agency says: “ It is a great program for the volatility and price.”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.