April 25, 2008
April 25, 2008 -- The U.S. Department of Agriculture's Risk Management Agency (RMA) issued this week revised livestock gross margin swine and cattle and livestock risk protection-lamb (LRP-Lamb) insurance policy materials for approved insurance providers and RMA field offices.
LRP-Lamb policy materials have been revised to clarify that insured lambs are those intended for eventual, not necessarily immediate, slaughter and don't have to be marketed in any certain way when the policy matures.
"This clarification is simply to confirm for insurance companies that LRP-Lamb is available for feeder and slaughter lamb coverage," stated Burdell Johnson, American Sheep Industry Association (ASI) president.
LRP-Lamb materials are available at www.rma.usda.gov/livestock
and will be effective beginning July 1, 2008 for the LRP 2009 insurance year. ASI's Web site has an online education program on LRP-Lamb available at www.sheepusa.org