All Risk Management Agency Field Offices
All Other Interested Parties
The Federal Crop Insurance Corporation Board of Directors approved a number of program changes to the LRP-Lamb plan of insurance including: 1. A revised price prediction model;
2. Revised definition of “Insured Lambs”;
3. Removal of the 20-week endorsement;
4. Added language to prevent assignment of indemnities to businesses buying, selling, marketing, or packing lambs;
5. Changes to the daily and annual sales limit; and
6. Modifications to how the actual ending values are calculated.
LRP-Lamb sales will resume on May 4, 2015. Producers interested in purchasing an LRPLamb Specific Coverage Endorsement must contact a crop insurance agent and complete an application that will be submitted through an Approved Insurance Provider (AIP). A list of crop insurance agents authorized by AIPs to write livestock insurance is on the Risk Management Agency (RMA) website. The LRP-Lamb program materials can be found on the RMA website Livestock page. DISPOSAL DATE: December 31, 2015.