Crop Insurance Today Fourth Quarter 2021 - 29

Plan Code
DRP
83
Expected Ending
Disposition of
Insured Head
or Milk
Milk sold (requires settlement
sheets, other sales
documents)
LGM-Cattle
82
Expected to be marketed
for slaughter at end date
(requires settlement sheets,
other sales documents)
Insures Against
Does the Policy
Application
Attach Coverage?
Coverage
Attaches Only
After Insured
Executes at Least
One:
(see Sales Period
for how often
can purchase;
see Available
Insurance Period
Lengths for additional
details)
Quarterly Coverage
Endorsement (QCE), which
establishes a Quarterly
Insurance Period (QIP)
Can purchase separate
quarterly endorsements
for the same quarterly
insurance period, including
those purchased in two
different crop years, and
each quarterly insurance
period may have different
elections.
Every business day,
unless markets are closed
or prices are otherwise
unavailable per policy (market
stopped due to price
fluctuation, etc.).
Sales Period
(each acts as a
separate sales
closing date)
Begins when coverage prices
and rates are posted on
the RMA website (approximately
4:30 p.m. Central)
and ends at 9 a.m. Central
the following business day.
Exception: sales beginning
the last business day of a
week continue through 9
a.m. Central on Sunday
immediately following the
business day.
Every week on Thursday, unless markets are closed or prices are otherwise unavailable
per policy (market stopped due to price fluctuation, etc.).
Begins when coverage prices and rates are posted on the RMA website (approximately
4:30 p.m. Central) and ends at 9 a.m. Central the following calendar day (e.g., Friday).
" Every business day, unless markets are closed or prices are otherwise unavailable
per policy (market stopped due to price fluctuation, etc.).
Begins when coverage prices and rates are posted on the RMA website (approximately
4:30 p.m. Central) and ends at 9 a.m. Central the following business day.
Target Marketings
Target Marketings
Target Marketings
Specific Coverage
Endorsement (SCE)
Specific Coverage
Endorsement (SCE)
Specific Coverage
Endorsement (SCE)
Declines in quarterly revenue
from milk sales relative
to a guaranteed coverage
level
No
Loss of gross margin, which
is the market value of livestock
minus program-specified
feed and feeder
animal costs
No
LGM-Dairy Cattle
82
Milk sold (requires settlement
sheets, other sales
documents)
LGM-Swine
82
Expected to be marketed
for slaughter at end date
(requires settlement sheets,
other sales documents)
Increase in program-specified
feed costs or milk price
decline
Loss of gross margin, which
is the market value of livestock
minus program-specified
feed costs
No
No
LRP-Fed Cattle
81
Expected to be marketed
for slaughter at end date
LRP-Feeder Cattle
81
Ownership may be retained
LRP-Swine
81
Ownership may be retained
OR for slaughter at end date
Decline in prices (published expected versus published actual)
No
No
No
Current as of October 2021 ©2021 National Crop Insurance Services
Crop Insurance Today Fourth Quarter 2021

Table of Contents for the Digital Edition of Crop Insurance Today Fourth Quarter 2021
