LRP: Important Updates for Crop Year 2024
This year we have two big updates for Livestock Risk Protection (LRP). Below are the changes directly from the Risk Management Agency: · Modified the end of the sales period to 8:25 AM Central Time; and · For LRP-Fed Cattle, modified the price series to “Over 80% Choice.” The first modification means that any Specific… Continue reading LRP: Important Updates for Crop Year 2024
Annual Forage: 2024 Changes
Looking ahead into 2024, check out some of the changes that we will be seeing with the Annual Forage Insurance Program. Annual Forage is designed to protect your operation from lack of rainfall for acreage planted for feed or fodder by livestock. Below are the highlights provided by the RMA, to read the full article… Continue reading Annual Forage: 2024 Changes
Spring Has Sprung: Next Steps For Spring Crop ’23
We are past the 2023 Spring Crop deadline, but some critical dates remain to keep on your radar. Production Reporting: Production reporting occurs 45 days after the Spring Crop sales closing date and is for the previous year’s crop production. The required information for this deadline is planted acres and yields. For current customers, acres… Continue reading Spring Has Sprung: Next Steps For Spring Crop ’23
LRP: Risk Management Strategies for Video Sale Marketing
While the strategy of marketing cattle has changed, Livestock Risk Protection (LRP) can still provide price security where you need it. Video Sales have altered the way we buy and sell cattle and many producers find their greatest risk falls between calving and the time they sell. LRP can fill in the gap with price… Continue reading LRP: Risk Management Strategies for Video Sale Marketing
How To: Find Your Grid
One of the many wondrous benefits of partnering with AgRisk Advisors is having access to excellent resources and technology. We send you weekly weather reports, interval reports, and much more. Specifically – we show you how to access the USDA RMA Pasture Rangeland Forage support tool. This tool allows you to find your grid, look… Continue reading How To: Find Your Grid
RMA: Provides a Helping Hand
7/13/2022 AgRisk Advisors (303)571-9300 firstname.lastname@example.org www.AgRiskAdvisors.com United State Department of Agriculture’s Risk Management Agency launches Emergency Drought Relief – Deferral of Interest Charges. The RMA has recognized the recent challenges draught and other conditions have brought to farmers and ranchers. In response to these conditions, the RMA has released “Emergency Drought Relief –… Continue reading RMA: Provides a Helping Hand
2023 Crop Year: Changes to Livestock Risk Protection & Livestock Gross Margin
As explained in previous editions of this blog, Livestock Risk Protection (LRP) is designed to insure against declining market prices and Livestock Gross Margin (LGM) protects against the decline in gross margin. No other perils are covered under these policies. The RMA has released significant changes to the LRP and LGM policies for the 2023… Continue reading 2023 Crop Year: Changes to Livestock Risk Protection & Livestock Gross Margin
What In The Hemp!
In 2020, a new program was released through Federal Crop Insurance as a risk management tool for Industrial Hemp operations. Industrial Hemp is not a new crop by any means, but because of its legal status, Hemp could not be included in a federal program. Although, the 2018 Farm Bill changed all of that,… Continue reading What In The Hemp!