WASHINGTON – U.S. Senator Kevin Cramer (R-ND) issued the following statement on the U.S. Department of Agriculture’s (USDA) Risk Management Agency (RMA) announcing changes to the Livestock Gross Margin (LGM) insurance program today:
“The Trump Administration is taking steps to alleviate the long-term effects of COVID-19 which pose a threat to American agriculture. Today’s changes provide our cattle producers with additional assistance and flexibility, and I encourage them to reach out to the agency to see how they can best benefit from this announcement.”
According to USDA, today’s changes include adding premium subsidies to assist producers and moving premium due dates to the end of the endorsement period for cattle. RMA Administrator Martin Barbre announced the changes today.
“These changes build upon RMA’s continued effort to make livestock policies more affordable and accessible for livestock producers,” said Administrator Barbre. “We are working to ensure that these improvements can be implemented by the July 31 sales period so producers can take advantage of these changes as soon as possible.”