USDA’s Risk Management Agency (RMA) will be adding premium subsidies and moving premium due dates in 2021 for its Livestock Gross Margin insurance program for cattle and swine, the agency announced Monday.
“These changes build upon RMA’s continued effort to make livestock policies more affordable and accessible for livestock producers,” RMA Administrator Martin Barbre said in a release. “We are working to ensure that these improvements can be implemented by the July 21 sales period so producers can take advantage of these changes as soon as possible.”
The cattle subsidy will range from 1% with no deductible to 50% with a deductible of $70, while the swine subsidy will range from 1% with no deductible to 50% with a deductible of $12 or greater. In past years, the program did not have premium subsidies for cattle and swine.
Premium due dates for cattle are moving to the end of the endorsement period, the release said.
Producers looking to learn more about these changes or join the Livestock Gross Margin insurance program should contact get in touch with their local private insurance agents.
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This week’s Open Mic guest is Jim Matheson, CEO of the National Rural Electric Cooperative Association. After an extended tenure of serving his constituents in Utah in the U.S. House of Representatives, Matheson assumed the reins of the NRECA in 2016. Rural residents formed their own electric cooperatives in the 1930’s to bring electric service to their homes and communities. Today, those same member owned organizations serve over half of the land mass in the nation and more than 42-million customers. Matheson speaks to the challenges of meeting growing demand for electric power including electric generation and transmission. He is in favor of renewable energy sources but says the nation needs reliable power generation in the face of growing demand from industry, homes and an influx of electric vehicles. Matheson says the digital divide is real in rural America and the NRECA is working to close the digital gap for the sake of health care, education, precision agriculture and rural development.
American Farm Bureau Federation President Zippy Duvall has had his own mental health struggles since the passing of his wife, Bonnie, in 2020. Since then, Duvall has shared how he has worked through his grief and has become an advocate for mental health services in rural America.
Then, National Association of Wheat Growers CEO Chandler Goule, Jeanette Jeffrey with HomePorts, and Rural Minds founder and chairman Jeff Winton offer their thoughts on how to break the stigma around seeking out mental health resources in rural areas.
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