A New Safety Net for Replacement Heifers

A DTN/Progressive Farmer article

Livestock Risk Protection (LRP) coverage for breeding female cattle is now being developed and could be available for midyear policy selection next spring, livestock brokers and beef industry leaders told DTN.

Part of the Trump administration's effort to grow the U.S. cattle herd, the coverage would give producers a new tool to manage the economic risk of retaining heifers for breeding under the existing LRP program. How widely producers use the new coverage, however, remains uncertain.

The policy is currently being drafted by regular Risk Management Agency (RMA) contractors, with internal industry feedback being gathered, which is expected to be submitted for approval in the coming weeks, two sources familiar with the matter told DTN.For the full article click here