LRP insurance continues to fill an important role in protecting Missouri livestock producers from the risk of declining livestock prices.
RMA operates each program under a specific crop year and the 2022 crop year for LRP ended on June 30. The new crop year provides a great opportunity to reflect on the continued growth of insured livestock in Missouri over the last several years.
Number of Head Insured with LRP in Missouri
| Livestock | 2020 Number of Head Insured | 2021 Number of Head Insured | 2022 Number of Head Insured |
|---|---|---|---|
| Feeder Cattle | 2,589 | 26,439 | 82,659 |
| Fed Cattle | 487 | 467 | 4,305 |
| Swine | 0 | 12,400 | 47,250 |
Numerous program changes such as increased head limits and higher premium subsidies have caused dramatic increases in program participation among Missouri producers. We encourage you to contact an FCS Financial agent today to see how this product could provide important protection for your operation.
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