8/18/2015

RMA reallocates additional funds to LGM-Dairy for the August 28th enrollment

The Risk Management Agency has reallocated $1 million to the Livestock Gross Margin-Dairy Program. The next enrollment date is expected to be Friday, August 28, 2015. Approximately $1,277,000 remains in funding for the 2015 fiscal year. This funding covers the cost of the premium support along with administrative and operating expenses, and the program is only offered for sale when funding is available. Therefore, if the funding is exhausted, the program will not continue until the next fiscal year (October 2015). This program is available on a national first come, first served basis.

Producers cannot participate in both LGM-Dairy and Margin Protection Program (MPP). If you enroll milk in LGM-Dairy in any month of 2016, you will be ineligible to participate in MPP for ALL of 2016. 

 

Crop Growers, LLP is owned by Farm Credit East, Yankee Farm Credit and AgChoice Farm Credit. Over the past 13 years Crop Growers, LLP has developed risk management plans for northeast farmers that have responded to weather and market related crop losses by paying indemnities in excess of $207 million. To find out more about crop insurance, click here, contact your local Farm Credit branch office or our Northeast Customer Service Center at (800) 234-7012. Crop Growers, LLP is an equal opportunity provider.