The USDA Risk Management Agency (RMA) recently announced several updates to Dairy Revenue Protection (DRP), Livestock Gross Margin (LGM) and Livestock Risk Protection (LRP) programs that will take effect beginning with the 2027 crop year on July 1, 2026. The changes are intended to improve flexibility, expand coverage opportunities and create more consistency across livestock insurance products.
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Highlights from the Fiscal Year 2026-2027 NYS Budget
Following three-months of delays, the New York State legislature has passed the Fiscal Year 2026-2027 (FY 26-27) budget. The final budget, signed into law by Gov. Kathy Hocul, includes many provisions relevant to our farm and agribusiness customers. The following are a few highlights of the recently passed legislation.
June 4, 2026
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Crop Insurance
Livestock Risk Protection (LRP) Expanded Coverage: What Livestock and Dairy Producers Need to Know
The USDA Risk Management Agency (RMA) has announced significant updates to the Livestock Risk Protection (LRP) program for the 2026 crop year, effective July 1, 2025. These changes are designed to give producers more tools to manage risk and better align coverage with market dynamics.
June 16, 2025
Business Tips and Tools
Proactive Strategies for Business Success: Preparing your business for the long term
If retirement is on the horizon, the sooner you can start thinking about succession planning, the better. Whether your plan is to transition your business to the next generation or a non-family successor, you should be speaking to a consultant or advisor on how to make it a smooth transition.
June 11, 2025
Crop Insurance
Prevented Planting
Prevented planting crop insurance options can get confusing. Contact your Crop Growers agent to see if it is the right fit for your operation!
June 09, 2025
Crop Insurance
Boosting Dairy Farm Resilience: How the DRP Program Helps Manage Revenue Risks
The dairy industry is inherently unpredictable, with market fluctuations, weather conditions, and production variables all contributing to an unstable income landscape for dairy farmers. Dairy Revenue Protection (DRP) is a valuable tool to mitigate these risks and provide a more stable financial footing.
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