11/21/2017 10:02:10 AM
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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.
On August 31, 2017, FSA announced producers can opt out of the MPP-Dairy program for the 2018 crop year (See Notice MPP-50) allowing them to purchase LGM-Dairy. Producers that opt out of MPP for the 2018 crop can purchase LGM Dairy beginning with the November 2017 sales period (See PM-17-052). 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.
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