(NAFB.com) – The USDA’s Risk Management Agency has announced several updates to livestock and dairy insurance programs beginning with the 2027 crop year. The changes affect the Livestock Risk Protection, Livestock Gross Margin, and Dairy Revenue Protection programs and were approved by the Federal Crop Insurance Corporation Board of Directors. Among the updates are new subsidy capture language addressing off-exchange contracts, revised definitions and subsidy percentages for beginning farmers and ranchers to align with the One Big Beautiful Bill Act, and expanded flexibility allowing concurrent coverage between similar livestock programs. RMA also said policies that have not earned premiums for three consecutive years may now be subject to cancellation. Additional revisions clarify when insurance coverage can be transferred and update policy language for consistency across RMA insurance products. RMA Administrator Pat Swanson said the changes are designed to strengthen risk management tools for livestock and dairy producers nationwide.
