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Pork industry asks USDA to change LRP
The nation’s pork producers are asking USDA to make changes to the Livestock Risk Protection insurance program. In a letter Monday, the National Pork Producers Council and 26 state pork associations said the COVID-19 crisis has demonstrated the enormous value of an enhanced LRP.
Producers are asking USDA for in increased subsidy to make the program more affordable to livestock farmers. They also want to expand the coverage period to 52 weeks instead of 26 weeks and increase the number of head eligible for coverage. NPPC says the current coverage limits have significantly limited program participation.
NPPC says over the last fifteen years, only once have more than 100-thousand hogs been covered by the program, yet more than 120 million hogs went to market last year.
