3/25/2017 12:30:53 PM
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LRP Lamb - per Section 4 (c)(3) LRP Basic Provision, if the required data for establishing rates or coverage prices are not available, no offers would be available for sale. RMA was notified by the submitter that the required information to make offers will not be available for a few more months. RMA will notify AIPs once the data is available again and sales resume.
If the offers are not available on the RMA website by 10:30 a.m. CST of the sales effective date, no offers will be made for LRP Lamb.
RMA will post the actual gross margins for LGM within three weeks after the corn settlement date (March, May, July, September and December). These months coincide with all three contract settlements, swine/cattle/milk, corn, and soybean meal.
Dairy producers enrolled in the FSA Margin Protection Program for Dairy (MPP-Dairy) are prohibited by law from participating in the LGM-Dairy program at the same time. The MPP-Dairy program is a one-time enrollment and once enrolled you will no longer be able to purchase LGM-Dairy until the MPP-Dairy program ends or is modified.
If offers are not available on the RMA website by 4:30 p.m. CST of the sales effective date, no offers will be made for LRP Fed Cattle, Feeders, and Swine.
LRP Coverage Prices, Rates, and Actual Ending Values
LGM Expected and Actual Gross Margin