A sheep industry endorsement for a "Livestock Risk Protection" (LRP) pilot project request, called LRP-Lamb, was submitted this week to the U.S. Department of Agriculture’s Risk Management Agency (RMA). The market-based insurance price policy is similar in concept to the LRP for swine, fed cattle and feeder cattle.

LRP-Lamb was developed in response to the needs voiced by producers and agri-businesses in the sheep industry. It is being widely supported by industry leaders and the U.S. Senate. Fifteen U.S. senators submitted on Oct. 1, 2004, a letter to Federal Crop Insurance Corporation Chairman Dr. Keith Collins in which they voiced their strong support for an LRP program for the United States’ 64,000 farms and ranches that raise 6.4 million head of sheep and lambs.

For the entire story, click here.

Source: Bend.com news services
October 6, 2004

Back to Hot Topics