eDAS in PROD is currently Online Effective today (6/12/09), sales of LRP Lamb under the Lamb Specific Coverage Endorsement have been suspended indefinitely. LRP Lamb provides producers insurance coverage for an unexpected decrease in lamb price. One of the data series incorporated into the insurance offer is the "Formula Live" lamb price, published weekly by the USDA's Agricultural Marketing Service (AMS), and vital to calculate whether insurance is offered for sale, but also as the basis of the actual ending value (AEV) that determines if an indemnity will be paid. The "Formula Live" price data have not been published on a consistent basis by AMS due to low data volume. With such frequent and extended absences of the "Formula Live" price data, program performance and integrity of the LRP Lamb insurance program has become compromised. Per the Lamb Specific Coverage Endorsement, section 2(c)(2), sales are being suspended due to data issues. Sales of LRP lamb will not resume until such time that necessary and appropriate program modifications can be considered, reviewed, and approved by the FCIC Board of Directors and subsequently implemented by RMA, which is currently underway.

LRP Coverage Prices, Rates, and Actual Ending Values LGM Expected and Actual Gross Margin