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!