Livestock

The Risk Management Agency (RMA) has released the 2025 Standard Reinsurance Agreement (SRA) and Appendices I, II, and IV, and the 2025 Livestock Price Reinsurance Agreement (LPRA) and Appendices I, II, and IV, which become effective July 1, 2024. The documents are located on the RMA website at: www.rma.usda.gov/policy-procedure/reinsurance-agreements.

Revisions have been made to the 2025 LPRA Agreement for the addition of Weaned Calf Risk Protection and to the 2025 SRA and LPRA Appendix II:

Background

The Risk Management Agency (RMA) is aware that some Approved Insurance Providers (AIPs) are decreasing their federal crop insurance business in specific crops, plans of insurance, and geographic areas. Actions taken to transfer the business to another AIP include terminating the agent/agency contract and decreasing their compensation.

The Risk Management Agency (RMA) has released a revised 2024 Livestock Price Reinsurance Agreement (LPRA) Appendix II, with changes to Exhibits V(b) and (c) in the 2024 LPRA Plan of Operation Template at www.rma.usda.gov/policy-procedure/reinsurance-agreements/livestock-price-reinsurance-agreement-archive. These exhibits were revised to include the new Wean Calf Revenue Protection (WCRP) program implemented this year.

Background

On August 18, 2022, the Federal Crop Insurance Corporation Board of Directors approved the Weaned Calf Risk Protection (WCRP) program under section 508(h) of the Federal Crop Insurance Act. Features of the program effective for 2024 and succeeding crop years include: