USDA Expands LGM-Dairy Insurance
USDA announced this week it is expanding its livestock gross margin insurance to Kentucky, New Mexico, Tennessee and Washington, bringing the offering now to 33 states. www.usda.gov/wps/portal/usdahome
“Livestock Gross Margin provides convenience to producers who can sign up for the insurance 12 times per year and insure all their milk production they expect to market over a rolling 11-month insurance period,” says William Murphy, USDA’s Risk Management Agency acting administrator.
The policies will be available starting July 31, 2009 for the 2010 crop year. For more information on LGM-Dairy, go to: www.rma.usda.gov/fcic and future.aae.wisc.edu/lgm_dairy.html#4 .
