Sen. Cramer: USDA Improves the Livestock Risk Protection Insurance Program

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 Risk Protection (LRP) insurance program today:

“USDA is making the LRP insurance program more accessible to livestock producers. I appreciate this effort by Secretary Perdue and Administrator Barbre, and I encourage North Dakotans to explore whether this program works for them.”

According to RMA, the changes:

• Allow premiums to be paid at the end of the endorsement period, putting it in line with other policies.
• Increase the premium subsidy for coverage levels above 80 percent. Those with an 80 percent or higher coverage level will get a 5-percentage point subsidy increase.

Learn more here.