July 27, 2012
Crop insurance agents have been reporting a great deal of interest from producers wishing to purchase Livestock Risk Protection-Lamb (LRP-Lamb) insurance. Volatile lamb and feed prices as well as the widespread drought and uncertainty of forage supplies for the remainder of the growing season have contributed to this peaked interest.
On Monday, July 23, the established daily premium limitation of $250,000 was reached before the end of the sales day. Those interested in purchasing LRP-Lamb price risk insurance, especially first-time participants, are encouraged to contact a qualified crop insurance agent before Monday to complete the necessary paperwork.
A list of qualified agents is available at www3.rma.usda.gov/tools/agents/companies/indexLPI.cfm.