Crop Insurance Today Fourth Quarter 2022 - 35

PLAN CODE
DRP
83
Expected Ending
Disposition of Insured
Head or Milk
Milk sold (requires settlement
sheets, other sales documents)
LGM-Cattle
82
Expected to be marketed
for slaughter at end date (requires
settlement sheets, other sales
documents)
Insures Against
Declines in quarterly revenue from
milk sales relative to a guaranteed
coverage level
Does the Policy
Application
Attach Coverage?
Coverage
Attaches Only After
Insured Executes at
Least One:
(see Sales Period for how
often can purchase; see
Available Insurance Period
Lengths for additional
details)
Quarterly Coverage Endorsement
(QCE), which establishes a Quarterly
Insurance Period (QIP)
Can purchase separate quarterly
endorsements for the same quarterly
insurance period, including those
purchased in two different crop years,
and each quarterly insurance period
may have different elections.
Target Marketings
Target Marketings
Target Marketings
Loss of gross margin, which is the
market value of livestock minus
program-specified feed and feeder
animal costs
No
No
LGM-Dairy Cattle
82
Milk sold (requires settlement
sheets, other sales documents)
LGM-Swine
82
Expected to be marketed
for slaughter at end date (requires
settlement sheets, other sales
documents)
LRP-Fed Cattle
81
Expected to be marketed for
slaughter at end date
LRP-Feeder Cattle
81
Ownership may be retained
LRP-Swine
81
Ownership may be retained OR
market for slaughter at end date
Increase in program-specified feed
costs or milk price decline
Loss of gross margin, which is the
market value of livestock minus
program-specified feed costs
Decline in prices (published expected versus published actual)
No
No
No
No
No
Specific Coverage
Endorsement (SCE)
Specific Coverage
Endorsement (SCE)
Specific Coverage
Endorsement (SCE)
Every business day,
unless markets are closed or
prices are otherwise unavailable per
policy (market stopped due to price
fluctuation, etc.).
Sales Period
(each acts as a separate
sales closing date)
Begins when coverage prices and
rates are posted on the RMA website
(approximately 4:30 p.m. Central
Time) and ends at 9 a.m. Central
Time the following business day.
Exception: Sales beginning the last
business day of a week continue
through 9 a.m. Central Time on
Sunday immediately following the
business day.
Every week on Thursday, unless markets are closed or prices are otherwise unavailable per policy
(market stopped due to price fluctuation, etc.).
Begins when coverage prices and rates are posted on the RMA website (approximately 4:30 p.m. Central Time)
and ends at 9 a.m. Central Time the following calendar day (e.g., Friday).
Every business day, unless markets are closed or prices are otherwise unavailable per policy
(market stopped due to price fluctuation, etc.).
Begins when coverage prices and rates are posted on the RMA website (approximately 4:30 p.m. Central Time)
and ends at 9 a.m. Central Time the following calendar day.
Current as of November 2022 ©2022 National Crop Insurance Services
Crop Insurance Today Fourth Quarter 2022

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